Japan PM Abe wants to unleash even more fiscal stimulus

Joshua Gibson FXStreet

During a speaking event at the Council on Economic and Fiscal Policy (CEFP), Japan's Prime Minister Shinzo Abe stated that he wants to see further stimulus for the Japanese domestic economy in an effort to push the economy higher.

Key highlights

Abe wants even further stimulus measures for the Japanese economy.

H1 2019 spending needs to be driven higher.

Abe announced the measures at the CEFP.

Size and details of the pending spending package are unknown.

Abe has asked Economy Minister Motegi to focus on public works spending.

Economy Minister Toshimitsu Motegi: "The prime minister asked me to take firm measures to ensure that our economic recovery continues. He also said the public works spending program expected at the end of this year should be compiled with this point in mind."

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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