Japan eyes fresh stimulus package as new COVID-19 curbs weigh on growth

TOKYO: Japan will act"without hesitation" to cushion the economic blow from the COVID-19 pandemic, economy minister Yasutoshi Nishimura said on Friday , signalling the government's readiness to compile another spending package as the crisis weighs on growth.

"We'll pay close attention to economic conditions, including the impact from infections and state of emergency curbs," Nishimura told a parliament hearing on the government's pandemic response. Lawmakers have escalated calls for a new relief package to deal with the prolonged pain from the pandemic, with ruling party heavyweight Toshihiro Nikai floating the idea of an extra budget sized around 30 trillion yen .Japan's Jiji news agency reported on Thursday that Suga will soon instruct his administration to compile another stimulus package funded by an extra budget to be passed through parliament after the elections.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As Covid-19 cases hit record high in Tokyo, can the Olympic bubble hold?
Source: TODAYonline - 🏆 1. / 99 Read more »

Japan proposes adding four regions to COVID-19 emergency: MinisterJapan's government on Friday proposed states of emergency in three prefectures near Olympic host city Tokyo and the western prefecture of Osaka, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

South Korea experts call for more COVID-19 curbs as young, unvaccinated people fuel surgeSouth Korean health experts called on Thursday for tougher social distancing rules including a midnight curfew as the number of severe COVID-19 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Vietnam's major cities eye tightening COVID-19 curbs as cases keep risingVietnam's major cities may extend or tighten restrictions on movement to contain the spread of COVID-19 as new daily cases have surpassed 6,000 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Google will require COVID-19 vaccine for US employees to step into campusesAlphabet Inc's Google said on Wednesday it would require employees in the United States to be vaccinated for stepping into its campuses, in an ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

COVID-19 still devastating in the Americas, health agency saysCOVID-19 continues to inflict a devastating toll on the Americas, with Argentina, Colombia, Cuba, Ecuador and Paraguay among the countries with ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »