Tokyo to set out fiscal stimulus plan by end-July

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.