Abe orders extra budget for quake reconstruction
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Tokyo
JAPAN'S Prime Minister Shinzo Abe ordered his government on Sunday to compile an extra budget package to fund reconstruction after recent earthquakes that hit the south of the country, with an aim to put it into effect by June 1.
The move comes as Mr Abe faces increasing pressure to inject more economic stimulus to reignite growth in a stagnant economy ahead of a Group of Seven (G-7) summit that his government will host in late May in Ise-Shima in central Japan.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore