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What does Japan's record $490 billion stimulus package look like?

The 56 trillion yen ($490 billion) package, the first to be compiled by Prime Minister Fumio Kishida, will reflect the premier's focus on distributing more wealth to households.

Photo: Reuters
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Japan

Reuters
Japan is set to compile on Friday a record $490 billion spending package to cushion the economic blow from the COVID-19 pandemic, bucking a global trend towards withdrawing crisis-mode stimulus measures and adding strains to its already tattered finances.

The 56 trillion yen ($490 billion) package, the first to be compiled by Prime Minister Fumio Kishida, will reflect the premier's focus on distributing more wealth to households. The government will announce details later on Friday.

Below is the gist based on a draft obtained by Reuters and domestic media reports:

KEY COMPONENTS AND FUNDING

* The package will consist of four pillars: 22.1 trillion

Disclaimer: No Business Standard Journalist was involved in creation of this content

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