Abe's stimulus package is expected to include around JPY 7 trln in spending

Dhwani Mehta FXStreet

Both Reuters and Bloomberg quoting Japanese local government sources, noting that the Japanese PM Abe's stimulus package is expected to include around JPY 7 trln in spending.

Key Headlines:

Japanese Govt to fund about JPY 7 trln of its 28 trln + package via driect/local govt spending

No time period specified over which spending would be made

The money will be part of the JPY 13 trln fiscal measures

Abe yet to reveal the nature of the 15 trln balance

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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