TOKYO Nov,10,2020: Japanese Prime Minister Yoshihide Suga instructed his cabinet on Tuesday to compile a package of stimulus measures to revitalise an economy hit by the coronavirus pandemic, the country’s economy minister said.
The package aims to cushion the blow from COVID-19, assist structural changes in the economy and boost productivity through digitalisation, Economy Minister Yasutoshi Nishimura told a news conference after a regular cabinet meeting.
“We’ll want to consider government spending that will attract private investment,” Nishimura said, adding the government will compile the package as soon as possible.
Japan’s economy is expected to have rebounded in the third quarter after posting a record postwar contraction in the preceding three-month period, when a nationwide state of emergency over the pandemic paralysed economic activity.
