Leika Kihara, Tetsushi Kajimoto
Leika Kihara, Tetsushi Kajimoto
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Japan unveils $708 billion in fresh stimulus with eye on post-COVID growth

Japan unveils $708 billion in fresh stimulus with eye on post-COVID growth

By , TOKYO (Reuters) - Japan announced a fresh $708 billion economic stimulus package on Tuesday to speed up the recovery from the country’s deep coronavirus-driven slump, while targeting investment in new growth areas such as green and digital innovation.The new package will include about 40 trillion yen ($384.54 billion) in direct fiscal spending and initiatives targeted at reducing carbon emissions and boosting adoption of digital technology.Policymakers globally have unleashed a wall of monetary and fiscal stimulus to prevent a deep and prolonged recession as the coronavirus closed...

December 8, 2020
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reuters.com

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