Japan is preparing an economic stimulus package worth $120 billion to support fr...
FILE PHOTO: An empty road leading into Shiroko, Suzuka, Japan October 12, 2019, seen in heavy rain ahead of Typhoon Hagibis. REUTERS/Soe Zeya Tun
The spending would be earmarked in a supplementary budget for this fiscal year to next March and an annual budget for the coming fiscal year from April. Both budgets will be compiled later this month, the sources told Reuters, declining to be identified because the package has not been finalised. However, the spending could strain the industrial world’s heaviest public debt burden, which tops more than twice the size of Japan’s $5 trillion economy.
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