© Stocksak. FILE PHOTO – Banknotes made of Japanese yen can be seen in this illustration taken September 22, 2022. REUTERS/Florence Lo/Illustration/File photo
TOKYO (Stocksak), Japan’s government unveiled Friday a new stimulus package that includes spending of 39.0 trillion Japanese yen ($265 Billion) and which it claimed would increase gross domestic product (GDP), by approximately 4.6%.
The government stated that it would prepare an additional budget for the current fiscal year of 29.6 trillion yen to finance the package.
The government released a document outlining the package and expressed hope that the Bank of Japan would consider the effects financial market moves might have on the economy.
($1 = 147.0900 yen)