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September 27, 2023

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WEDNESDAY, SEPTEMBER 27, 2023
Japan PM Suga says to decide new economic package next week

Global Economy

Reuters
04 December, 2020, 04:15 pm
Last modified: 04 December, 2020, 04:17 pm

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Japan PM Suga says to decide new economic package next week

Suga also said Japan would set aside 1 trillion yen to promote digital transformation in the stimulus package

Reuters
04 December, 2020, 04:15 pm
Last modified: 04 December, 2020, 04:17 pm
A man wearing a face mask walks past a signboard of a bar in the Kabukicho district, amid the coronavirus disease (Covid-19) outbreak in Tokyo, Japan, July 14, 2020. Photo:Reuters
A man wearing a face mask walks past a signboard of a bar in the Kabukicho district, amid the coronavirus disease (Covid-19) outbreak in Tokyo, Japan, July 14, 2020. Photo:Reuters

Japan's government will decide on a fresh economic package early next week by finalising its size, Prime Minister Yoshihide Suga said on Friday.

Speaking at a news conference to mark the end of the parliamentary session, Suga said the new package would include an unprecedented 2 trillion yen ($19 billion) fund to promote carbon neutrality in 2050, among a slew of steps to cope with the economic impact of Covid-19.

Suga also said Japan would set aside 1 trillion yen to promote digital transformation in the stimulus package.

($1 = 103.9500 yen) 

Japan

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