Japan's PM candidate Kishida calls for huge stimulus package - Nikkei
Reuters
Published Aug 29, 2021 07:36AM ET
TOKYO (Reuters) - Japan must launch a new economic stimulus package worth "several tens of trillion yen" as soon as possible, Fumio Kishida, who is running to be prime minister in a forthcoming election, was quoted as saying by the Nikkei newspaper on Sunday.
Kishida, a former foreign minister, said on Thursday he would challenge Prime Minister Yoshihide Suga for the leadership of the ruling party, as the premier struggles with crumbling approval rates ahead of the election.
The winner is virtually assured of being prime minister because of the Liberal Democratic Party's (LDP) majority in parliament's lower house. The LDP chief must lead the party to a general election by Nov. 28.
Kishida told reporters the stimulus package would include aid for all economic sectors and regions in need of help due to the COVID-19 pandemic, according to the Nikkei.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.