Japan to compile economic stimulus worth $120 billion in fiscal spending - Abe
FILE PHOTO: Japan's Prime Minister Shinzo Abe speaks at the ASEAN-Japan Summit in Bangkok, Thailand, November 4, 2019. REUTERS/Soe Zeya Tun
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Soe Zeya Tun(Reuters)
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said on Thursday the government would compile an economic stimulus package worth about 13 trillion yen (£93.53 billion) in fiscal spending, including an extra budget from this fiscal year and spending earmarked for fiscal 2020.
The package would rise to 25 trillion yen ($230 billion) when private-sector and other spending are included, sources have told Reuters.
(Reporting by Yoshifumi Takemoto, writing by Kaori Kaneko; Editing by Chang-Ran Kim)