Japanese Finance Minister Taro Aso said on Friday he saw no need now to compile ...
FILE PHOTO: Japan's Finance Minister Taro Aso attends the G20 Finance and Central Bank Deputies Meeting in Tokyo, Japan January 17, 2019. REUTERS/Issei Kato
“I have not received instructions” from Prime Minister Shinzo Abe, Aso told reporters after a cabinet meeting. “I’m not considering anything that must be done now.” Yasunari Ueno, chief market economist at Mizuho Securities, says the government is likely to earmark $5 billion-$10 billion for infrastructure rebuilding, while longtime Japan strategist Jesper Koll forecasts something more like $20 billion-$30 billion.
That would be the first stimulus package since 2016, with the aim of supporting disaster relief and reconstruction from typhoon Hagibis and boosting economic growth, Nikkei reported.
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