Japan to Draw Up over 28 Tr Yen Stimulus amid Brexit Woes
Japan will draw up an economic stimulus package worth more than 28 trillion yen about ($266 billion), apparently aiming to contain any negative impact from Britain's decision
Tokyo - QNA
Japan's Prime Minister Shinzo Abe said Wednesday that Japan will draw up an economic stimulus package worth more than 28 trillion yen about ($266 billion), apparently aiming to contain any negative impact from Britain's decision to leave the European Union.
The government is expected to increase public expenditure on infrastructure building as well as accelerate efforts to boost farm exports and attract more foreign tourists, according to Japan's (Kyodo) News Agency.
Actual government spending on the package is likely to be less than that amount, with part of the stimulus coming from the fiscal loan and investment program, which is not based on general budget.
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