Stocksak: Japan Cabinet approves spending package to ease inflation pain

© 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)

News Source and Credit

Stocksak Editorial

We are a financial blog that covers topics such as investing, saving, spending, and earning more money. Please feel free to peruse our site and read any of the articles that catch your interest.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button