Japan finmin says extra stimulus spending to be about US$28.7b

[TOKYO] Japanese Finance Minister Taro Aso said on Friday the government's extra spending to stimulate the economy would total about 3.5 trillion yen (S$40.26 billion) for the current fiscal year that ends in March.

The extra stimulus would include spending worth about 1.2 trillion yen aimed at supporting low-income earners to prop up private consumption, Aso told reporters after a cabinet meeting.

The government is expected to compile the extra budget later this month.

REUTERS