Sources: Japan Govt to say $240 bln econ package to lift GDP by 1.4% - Reuters
|According to three Japanese government sources quoted by Reuters, the Japanese government will announce a 26 trillion yen ($240 billion) economic package later on Thursday.
The govt expects the stimulus package will push up the gross domestic product (GDP) by 1.4%, the sources added.
They further said that “the package would include fiscal spending of 13.2 trillion yen aimed at stalling growth in the world's third-largest economy amid downward pressure overseas.”
“The total package would include government loans, credit guarantees and private-sector spending,” they concluded.
The pro-growth headlines are seen lifting the sentiment around the Japanese yen, knocking-off the USD/JPY pair to session lows near 108.75 region, down -0.06% so far.
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