Japan’s government is considering putting together a large-scale economic stimulus package with fiscal spending exceeding $92 billion, the Nikkei newspaper said, as soft global demand and the U.S.-China trade war dampen the country’s fragile recovery. Adding strain to Japan’s tattered finances, the government will issue more bonds to fund public works spending of up to 4 trillion yen ($36.82 billion) and make up for tax revenue shortfalls as firms feel the pinch from the trade tensions, the newspaper said on Saturday. Prime Minister Shinzo Abe’s administration will finalise the package early next week after consultations with the ruling …read more
Source:: Yahoo Finance
