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Tokyo to set out fiscal stimulus plan by end-July

Government will submit supplementary budget to fund the stimulus in the autumn

Published Tue, Jul 12, 2016 · 09:50 PM
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Tokyo

JAPANESE Prime Minister Shinzo Abe on Tuesday told his economy minister to compile an economic stimulus package by the end of this month to revive a flagging economy in the face of sluggish private consumption and investment.

On Monday, after a landslide victory in Upper House elections and as evidence mounted that the corporate sector is floundering due to weak demand, Mr Abe ordered a new round of fiscal stimulus spending.

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