Japan press - Japan govmt to ramp up infrastructure spending to a decade high

An ICYMI from an overnight piece in the Nikkei

Highlights from the article:

• Japan will spend Yen 3 trln in 3 years for infrastructure
• total public works spending to rise to Y7 trln in 2019
• Japan's total budget to exceed record Y100 trln next year

This means public works spending will hit a decade-high next fiscal year

• Its aimed as offset to the hit expected from the next jump in the sales tax rate (coming in October 2019)

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Fiscal stimulus from the government. Monetary stimulus from the BOJ. All stops being pulled in japan. economic growth is bumbling along but not setting the world on fire. Next year's tax hike will be tricky indeed. I expect the economic data will show a slide from then. but, its no until October 2019 so plenty of water to flow under the bridge until then. One for the background files.