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Trading news
2 Aug 2016
Draft plan: JPY28.1tn economic package to include JPY13.5tn of fiscal measures - BBG
Japan’s government is set to announce details of a 28 trillion yen ($273 billion) stimulus package this Tuesday, as it seeks cabinet’s approval later on the day.
According to a draft obtained by Bloomberg, the JPY28.1tn economic package is expected to include JPY13.5tn of fiscal measures. Further, fiscal measures are likely to include JPY7.5tn of spending from nation, regional budgets; and 6t yen of low-cost loans (zaito financing used to raise money for projects at state-run cos).
The plan is being discussed by ruling party lawmakers ahead of a cabinet meeting today.