Draft: Japan's stimulus package to include aid to firms hit by rising oil cost – Reuters

Dhwani Mehta FXStreet

Japan's economic stimulus package will include measures to lift the pressure off rising crude oil prices for the local firms, Reuters reports, citing a draft plan of the government's package.

Key takeaways

“The package will also include steps to ramp up domestic production of semiconductors as well as a 10 trillion yen ($87.53 billion) fund aimed at giving universities more resources to boost science and technological research.”

“Japan stimulus draft makes no mention of size of spending.”

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