Japan’s Suga announces US$700 bln additional economic package

Japan’s Suga announces US$700 bln additional economic package

TOKYO: Japanese Prime Minister Yoshihide Suga on Tuesday said that Japan will compile an additional economic package, Xinhua news agency reported.

 “We will maintain employment, keep businesses going, revive the economy and open a path to growth including through green and digital technology,” Suga said of the package at a meeting of the government and ruling parties.

The package will be to the tune of  US$707 billion and has been compiled with the aim of helping to mitigate the negative economic impact of the ongoing COVID-19 pandemic.

According to Xinhua, Suga’s Cabinet will likely approve the stimulus package later in the day.

— BERNAMA


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