November 23, 2024 01:58 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma
Japan to adopt new economic stimulus package worth more than $707 billion: Suga
Japan Economy
UNI

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

| @indiablooms | 08 Dec 2020, 09:37 am

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.  

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Xi Jinping, Putin in Russia 22 Mar 2023, 02:56 pm
Related Videos