Abe ally urges fresh double dose of stimulus

Tokyo

JAPAN needs a fresh, double dose of stimulus to counter mounting signs of economic weakness, according to one of the key members of Prime Minister Shinzo Abe's brains-trust of pro-reflation advisers.

The government should assemble a 10 trillion yen (S$124 billion) fiscal package, and the central bank should add the same amount to its already unprecedented easing programme, ruling Liberal Democratic Party lawmaker Kozo Yamamoto said on Wednesday.