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Japan cabinet approves $130 bln in fiscal steps to boost growth

Reuters  |  TOKYO 

By Tetsushi KajimotoTOKYO (Reuters) - Japanese Prime Minister Shinzo Abe's cabinet approved 13.5 trillion yen ($132.04 billion) in fiscal measures on Tuesday as part of efforts to revive the flagging economy, with cash payouts to low-income earners and infrastructure spending.The package includes 7.5 trillion yen in spending by the national and local governments, and earmarks 6 trillion yen from the Fiscal Investment and Loan Program, which is not included in the government's general budget.The stimulus spending is part of a renewed government effort to coordinate its policy with the Bank of ...

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First Published: Tue, August 02 2016. 13:42 IST
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