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Japan Economy

UNI

Japan to adopt new economic stimulus package worth more than $707 billion: Suga

India Blooms News Service | @indiablooms | Dec 08, 2020, at 03:07 pm

#Japan #JapanEconomy #YoshihideSuga

Tokyo/Sputnik: Japan will adopt new stimulus measures on Tuesday including a package worth 73.6 trillion yen (over $707 billion) aimed at supporting the economy amid the coronavirus pandemic, Prime Minister Yoshihide Suga said.

"These economic measures are designed to protect people's lives and livelihoods by preserving employment, continuing business operations, rebuilding the economy, and opening a window for new growth in the sphere of green energy and digitalization," Suga said as quoted by NHK on Tuesday.

The new economic stimulus measures will include support for medical institutions, investments and green energy.

Last week, the prime minister said that Japan was going to set up a fund worth 2 trillion yen (around $19 billion) to be spent on the development of green technologies by 2030 and invest another 1 trillion yen in digitalization.

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