Japan’s government is planning a new stimulus package worth 21.9 trillion yen ($141 billion) in fiscal spending, which is expected to be approved this week, according to public broadcaster NHK on Thursday.
The total package, including private sector contributions, amounts to 39 trillion yen, with 13.9 trillion yen allocated from the government’s general account, NHK reported, citing no specific sources.
Key obstacles were resolved on Wednesday when Japan’s ruling coalition reached an agreement with a major opposition party on the draft package aimed at easing the impact of rising prices on households.
(Exchange rate: $1 = 155.04 yen)
