Abe says govt will front-load budget spending, talks down sales tax delay
He also rules out a snap lower house election to coincide with a poll for the upper chamber
Add BT as a preferred source
Tokyo
THE best way to boost the economy is to quickly implement the existing budget for the next fiscal year, Prime Minister Shinzo Abe said on Tuesday, rejecting speculation he would announce a supplementary spending package.
Speaking after the parliament passed a record 96.7 trillion yen (S$1.16 trillion) in outlays for the 12 months starting April 1, Mr Abe brushed off suggestions from some members of the ruling party that the government may announce another 10 trillion yen of fiscal stimulus.
TRENDING NOW
Japan Home closing outlets; staff say Valu$ taking over operations
Timah Partners lands S$60 million facility from lenders including UOB, RHB
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
