Japan to spend on fiscal matters

Thursday, 28/07/2016 | 07:02 GMT-0

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Japan's government aims to spend on fiscal matters approximately 7 trillion yen or $67 billion to support the funding of an economic stimulus scheme summing up to more than 28 trillion yen.

Japan to approve an investment plan

In addition to the above figures, Shinzo Abe, Prime Minister, has to approve, as of next week, an investment scheme and fiscal loan totaling 6 trillion yen in supporting the private sector, such as construction.

Furthermore, the quasi-government financial institutions will be providing 15 trillion yen on the private sector firms for subsidies, loan guarantees, and loans in general.

Moreover, Abe instructed the need for a stimulus plan where the economy can regain momentum and recover from the weak investment and consumption.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/japan-to-spend-on-fiscal-matters

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