Japan stimulus package will likely boost GDP by around 3.6%, Suga says

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Economy5 hours ago (Dec 08, 2020 04:25AM ET)

© Reuters. Japanese Prime Minister Yoshihide Suga speaks during a news conference in Tokyo

TOKYO (Reuters) – Japan’s latest economic stimulus package to help the country recover from its coronavirus-driven slump will likely boost gross domestic product by around 3.6%, Prime Minister Yoshihide Suga said on Tuesday.

Suga’s cabinet on Tuesday endorsed the $708 billion stimulus package, which will include about 40 trillion yen ($384.47 billion) in direct fiscal spending and initiatives targeted at reducing carbon emissions and boosting adoption of digital technology.

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