Japan’s government is considering a stimulus package worth around 10 trillion yen ($87.87 billion) to offset the impact of a sales tax hike next year and to increase public works spending after a series of natural disasters, three sources said. Some of the funds would go toward measures previously
Japan’s government is considering a stimulus package worth around 10 trillion yen ($87.87 billion) to offset the impact of a sales tax hike next year and to increase public works spending after a series of natural disasters, three sources said.
Some of the funds would go toward measures previously announced, such as tax breaks for car purchases and shopping vouchers to help low-income households, the sources said.
The government is also leaning toward spending more on infrastructure and disaster prevention as some officials grow worried about the need for something to offset growing global risks, said the sources, who declined to be identified because the package has not been finalised.
