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Japan Set to Unveil $706 Billion Stimulus Package
Japan will unveil stimulus with an overall value of 73.6 trillion yen ($706 billion) as it looks to shore up its pandemic-hit economy, according to a final draft of the package obtained by Bloomberg. The package will include around 40 trillion yen in fiscal measures. It will be partly financed by 19.2 trillion yen in spending from a third extra budget. The measures come as Prime Minister Yoshihide Suga faces an increase in virus cases and a dip in support for his cabinet that are an early test of his leadership. As the economy threatens to dip back into negative territory, Suga is faced with the tough task of ... (full story)
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