The government has compiled a fresh economic stimulus package worth ¥73.6 trillion, Prime Minister Yoshihide Suga said Tuesday, amid an increase in virus cases and a slide in support for his Cabinet that are providing an early test of his leadership.
The package, which was approved by the Cabinet Tuesday evening, includes extensions of subsidy programs aimed at promoting domestic travel, spurring consumption and helping companies maintain employment, as well as incentives for digitalization and carbon reduction, according to officials.
"We will maintain employment, keep businesses going, revive the economy and open a path to growth including through green and digital technology," Suga said at a meeting of the government and ruling parties.