Japan's PM Ishiba Directs Fiscal Package Draft of 3-10 Trillion Yen to Counter Middle East Impact

GateNews

According to DBS Bank’s chief economist Ma Tieying, on Monday Prime Minister Ishiba Sakura directed Japan’s Finance Ministry to draft a supplementary budget in response to potential economic impacts from Middle East tensions. The proposed fiscal stimulus is estimated between 3 trillion and 10 trillion yen, with part of the funding expected to be raised through additional government bond issuance.

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