You are here

Japan seen launching 5-10 trillion yen package to boost Abenomics

BT_20160329_ARABE29_2190703.jpg
The "helicopter money" distributions are aimed at prodding reluctant consumers to open their wallets and start spending more to boost the important consumer spending component of the GDP, which amounts to around 60 per cent.

Tokyo

WITH Japan's economy widely believed to have slid back into recession in the first quarter of this year, Prime Minister Shinzo Abe is expected to announce work on a substantial fiscal spending package as early as Tuesday, in order to keep the momentum of Abenomics going.

The

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom