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  1. Japan PM Shinzo Abe announces $17.8 bn economic stimulus package

Japan PM Shinzo Abe announces $17.8 bn economic stimulus package

Japanese Prime Minister Shinzo Abe on Monday ordered his cabinet to compile new economic stimulus measures in a package worth around 2 trillion yen ($17.80 billion) by the end of the year.

By: | Published: September 25, 2017 3:13 PM
Shinzo Abe, Japenese, Economic stimulus, Abe Japanese Prime Minister Shinzo Abe on Monday ordered his cabinet to compile new economic stimulus measures in a package worth around 2 trillion yen (.80 billion) by the end of the year.(Image: Reuters)

Japanese Prime Minister Shinzo Abe on Monday ordered his cabinet to compile new economic stimulus measures in a package worth around 2 trillion yen ($17.80 billion) by the end of the year. Speaking at a meeting with his top advisory panel, Abe said the package should focus on subsidising education, child-care costs, and on boosting corporate investments to improve productivity. Abe is expected to announce a snap election later on Monday to take advantage of improved ratings and disorganised opposition parties, and the stimulus package could be a way to lure voters during the election campaign.

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