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Japan launches $122 billion stimulus

Published : Sunday, 8 December, 2019 at 12:00 AM  Count : 16

TOKYO, Dec 7: Japan's cabinet approved a $122 billion fiscal package on Thursday to support stalling growth in the world's third-largest economy amid offshore risks and as policymakers look to sustain activity beyond the 2020 Tokyo Olympics.
The 13.2 trillion yen ($121.50bn) package is expected to push up gross domestic product by 1.4 per cent through fiscal 2021 and comes as Japan, like other major economies, looks to revive growth through spending as central banks rapidly run out of monetary policy options.    -Reuters







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