The new spending would come as Suga looks to shore up support amid widespread dissatisfaction with his handling of the virus and a vaccine rollout that’s lagged other developed nations.
For Yoshiaki Nohara's latest contributions to The Japan Times, see below:
The drop in industrial production was several percentage points worse than even the most pessimistic forecast, as car production remained stunted by semiconductor shortages.
Prices in the capital excluding fresh food were unchanged from a year earlier, the internal affairs ministry reported Friday.
The country must contribute at least ¥1 trillion toward chip development this fiscal year and trillions more after that to help revive its national industry.
Consumer prices excluding fresh food ticked up 0.1% compared with a year earlier, lifted by a 20% jump in gas prices, officials reported. Economists had predicted flat prices overall.
The adjusted figure came as yet another round of restrictions to contain the coronavirus threatens to prolong an economic slump.
The ex-Goldman Sachs executive is aiming to build a fund to invest in sectors including health care, fintech, next-generation work and education, and well as the environment.
The value of overseas shipments jumped 16.1% from a year ago, for the biggest increase since November 2017.
Fresh spending and the debt issued to pay for it would help fuel the BOJ’s easing campaign and have a beneficial impact on the yen and stocks, according to Kozo Yamamoto.
Experts say that suppressing activity for a little longer won’t add too much extra damage to an economy that is already showing some signs of recovery even under existing restrictions.