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Japan stimulus package includes $130 billion yen in 'fiscal measures': draft
July 29, 2016 / 5:36 AM / a year ago

Japan stimulus package includes $130 billion yen in 'fiscal measures': draft

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe’s promised economic stimulus package will include 13.5 trillion yen ($130 billion) in “fiscal measures,” both direct government spending and loans, according to a draft of the package seen by Reuters on Friday.

Japan's Prime Minister Shinzo Abe makes a speech in Fukuoka, Japan, in this photo taken by Kyodo July 27, 2016. Mandatory credit Kyodo/via REUTERS

The package, to be approved by Abe’s cabinet on Tuesday, includes 7.5 trillion yen in spending by the national and regional governments and 6 trillion yen from the Fiscal Investment and Loan Programme, which is not included in the government’s general budget, the draft shows.

The headline figure for the package, which includes public-private partnerships and other amounts that are not direct government outlays, comes to 28.1 trillion yen.

Reporting by Takaya Yamaguchi; Writing by William Mallard; Editing by Jacqueline Wong

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