Japan announces $708 bn in economic stimulus to help recovery from Covid-19

Topics Japan | Yoshihide Suga

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) - Japan will compile a fresh 73.6 trillion yen ($708 billion) economic stimulus package to speed up the country's recovery from its deep coronavirus slump, Prime Minister Yoshihide Suga said on Tuesday.

The new package will include about 40 trillion yen in direct fiscal spending and initiatives targeted at reducing carbon emissions and boosting digital technologies, Suga said in a meeting with ruling party executives. Policymakers globally have unleashed a wall of monetary.

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