Japanese Prime Minister Fumio Kishida has announced a stimulus package of more than 17 trillion yen ($113 billion) that includes tax breaks and benefits for low-income households
Japanese Prime Minister Fumio Kishida announced Thursday a stimulus package of more than 17 trillion yen that includes tax breaks and benefits for low-income households, a plan criticized by some observers as populist spending that would worsen Japan’s national debt. Kishida said his priorities are to overcome deflation and to put the economy on a growth track.
All combined, the plan is estimated to boost Japan's gross domestic product by about 1.2% on average, according to a government estimate. Last year, his government already earmarked a nearly 30-trillion yen supplementary budget to fund an earlier economic package aimed at fighting inflation. Takahide Kiuchi, executive economist at the Nomura Research Institute, said the package's effect on the economy will be limited because temporary tax cuts and payouts tend to go to savings.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Japan's prime minister announces $113 billion in stimulus spendingJapanese Prime Minister Fumio Kishida has announced a stimulus package of more than 17 trillion yen ($113 billion) that includes tax breaks and benefits for low-income households. The plans is being criticized by some observers as populist spending that would worsen Japan’s national debt.
Weiterlesen »
Japan's Kishida announces $113-billion package to combat inflation painJapan's Kishida announces $113-billion package to combat inflation pain
Weiterlesen »
Japan's Kishida announces $113-bln package to combat inflation painJapanese Prime Minister Fumio Kishida said on Thursday the government will spend over 17 trillion yen ($113 billion) in a package of measures to cushion the economic blow from rising inflation, which will include tax cuts.
Weiterlesen »
Japan's Kishida announces $113-bln package to combat inflation painJapanese Prime Minister Fumio Kishida said on Thursday the government will spend over 17 trillion yen ($113 billion) in a package of measures to cu...
Weiterlesen »
Japan unveils $113 billion package to cushion inflationThe Japanese government will spend over 17 trillion yen, or $113 billion, on a package of measures to cushion the economic blow from inflation.
Weiterlesen »
Akie Iwai of Japan leads LPGA's Japan Classic with an opening round 9-under 63.Akie Iwai of Japan has shot a 9-under 63 to lead the first round of the LPGA’s Toto Japan Classic. Three other Japanese players — Nasa Hataoka, Yuna Nishimura, and Mone Inami — were a stroke back after rounds of 64 at the Taiheiyo Club in north central Japan. Defending champion Gemma Dryburgh of Scotland was four back on Thursday after a 67.
Weiterlesen »