Japan stimulus package could be in the region of 30 trillion yen - Nikkei
|Nikkei reports, with Bloomberg providing the headlines, that the Japanese stimulus package could be as large as 30 trillion yen.
Key quotes, via Nikkei:
"Japanese Prime Minister Shinzo Abe's government is putting pressure on the fiscally conservative Ministry of Finance to satisfy expectations for a bold new shot of the first arrow of Abenomics -- fiscal spending."
"Some observers now see the tally rising to between 20 trillion yen and 30 trillion yen ($189 billion and $283 billion) after off-budget items are counted."
"The trial balloon floated by the Finance Ministry missed expectations. There had been talk in the financial markets and elsewhere that general-account budget items alone -- known as mamizu, or "fresh water," in Japanese government jargon -- would amount to 5 trillion yen to 10 trillion yen."
"In addition, officials explained, the overall size of the stimulus package could be scaled up to 20 trillion yen to 30 trillion yen with government guarantees and other off-budget measures."
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