The anemic economy is prompting calls for another fiscal boost. If history and the government’s strained finances are any guide, a package is likely to redirect cash already on the books.
With ¥1.6 trillion left over from last year and rising tax revenue bolstering the public coffers, the Ministry of Finance has leeway to fund stimulus without adding to the world’s heaviest debt load. As much as ¥3.5 trillion is needed to jump start growth, an adviser to Prime Minister Shinzo Abe said after data showed the world’s third-biggest economy contracted last quarter.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.