TOKYO, May 27 — Japan will compile a fresh stimulus package worth US$1.1 trillion (RM4.8 trillion) that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed today. The stimulus, which will be...
Japan's Prime Minister Shinzo Abe holds a news conference on Japan's response to Covid-19, in Tokyo, Japan May 25, 2020. — Reuters pic
The government's 117 trillion yen in fresh stimulus, to be compiled on Wednesday, will include 33 trillion yen in direct spending, the draft showed. Government officials have said the new package will include steps such as an increased medical spending, aid to firms struggling to pay rent, support for students who lost part-time jobs, and more subsidies to companies hit by slumping sales.
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