Japan’s PM Abe announces a JPY 2 trln economic stimulus package by year-end
|Japanese PM Shinzo Abe is out on the wires now, via Reuters, announcing a JPY 2 trillion economic stimulus package and details on the same.
Key Points:
Orders package by year-end
Will make use of revenues from sales tax increase scheduled for oct 2019
Economy minister Motegi to be in charge of package
3 years to 2020 will be period of intense investment
Package to focus on subsidising education, child care costs and encouraging corp investments
Pre-school education will be made free across the board
Need to reach conclusion on funding stimulus package while maintaining fiscal discipline
Also read: Japan’s PM Abe to hold news conference at 0900 GMT - RTRS
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.