TOKYO- Japanese ruling party secretary general Toshimitsu Motegi indicated on Monday that a planned economic spending package aimed at cushioning the blow from rising living costs will total around 26 trillion yen ($174 billion), Kyodo news agency reported.
Prime Minister Fumio Kishida’s administration is expected to approve the package at a cabinet meeting on Oct. 28, the same day the Bank of Japan (BOJ) completes a two-day policy review.
In contrast to many other central banks, the BOJ has stuck to its ultra-easy monetary policy citing Japan’s slow economic recovery from the pandemic and the central bank’s view that inflation would fall short of its 2 percent target sometime in 2…
Keep on reading: Japan ruling party indicates stimulus to total about $174B -Kyodo
