Business

Japan PM announces US$700 bil economic package

It is aimed at maintaining employment, keeping businesses going, says Yoshihide Suga

Updated 5 years ago · Published on 08 Dec 2020 10:40AM

Japan PM announces US$700 bil economic package
Japanese Prime Minister Yoshihide Suga's cabinet will likely approve the stimulus package later today. – December 8, 2020

TOKYO – Japanese Prime Minister Yoshihide Suga today said that Japan will compile an additional economic package, the Xinhua news agency reported.

"We will maintain employment, keep businesses going, revive the economy and open a path to growth including through green and digital technology," Suga said of the package at a meeting of the government and ruling parties.

The package will be to the tune of US$707 billion (RM2.8 trillion) and is aimed at mitigating the negative economic impacts of the Covid-19 pandemic.

According to Xinhua, Suga's cabinet will likely approve the stimulus package later in the day. – Bernama, December 8, 2020

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