Japan govt ready to deploy economic stimulus flexibly, spokesman says

FILE PHOTO: A factory area is seen in front of Mount Fuji in Yokohama, Japan, January 16, 2017. REUTERS/Kim Kyung-HoonTOKYO: Japan stands ready to pump more money into the economy to ease the pain of a prolonged pandemic, the top government spokesman said on Sunday , nodding to growing political calls for additional stimulus to prop up growth.

"Then we want to flexibly take economic measures without hesitation," Kato said, without mentioning the size or timing of further stimulus measures. The world's third-largest economy is expected to rebound from its annualised 3.9 per cent contraction in the first quarter, but analysts expect the recovery to be gradual, with service sector consumption a particular weak spot.Government spending is constrained by public debt at 2.5 times Japan's annual economic output - the heaviest debt burden in the industrial world, inflated by massive stimulus packages rolled out over the past year.

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.

Apple in early talks for streaming rights of NFL Sunday Ticket games: The InformationApple Inc is in early talks with the U.S. National Football League (NFL) for the streaming rights of its Sunday Ticket games, The Information ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Commentary: Japan was right to continue holding the OlympicsThe alarmist chorus against the Tokyo Games fanned by Japanese newspapers and medical groups could benefit from a greater sense of proportion, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

French father goes on hunger strike for kids 'abducted' by Japanese wifeA Frenchman in Japan who says his children were abducted by their Japanese mother began a hunger strike in Tokyo Saturday, in a protest he hopes ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Source: BusinessTimes - 🏆 15. / 51 Read more »

Myanmar rebel group suspends key leader in massacre investigationBANGKOK: A prominent ethnic rebel group in Myanmar suspended one of its key leaders this week, a spokesman said on Saturday (Jul 9), as it ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Japan's Hokkaido region bans fans at Olympic football matchesTOKYO: Japan's northern Hokkaido region has decided to ban spectators at the Olympic football matches hosted in the area, expanding unprecedented ... also in Fukushima
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »