Japanese PM Abe to call for further stimulus measures re disaster recovery
Japanese press, Nikkei with the report:
- Prime Minister Shinzo Abe is set to call for stimulus measures to prop up an economy battered by a string of natural disasters and sustain growth past next year's Tokyo Olympics, Nikkei has learned.
- The government will revamp a 7 trillion yen plan to prepare infrastructure for natural disasters over three years through fiscal 2020
- also looking to bolster Japan's growth potential beyond the summer Olympics in 2020
Central bankers around the glove have been calling for more government stimulus. Its ongoing in Japan.