Japanese government ready to flexibly deploy economic stimulus: spokesperson, World News
Nodding his head to growing political calls for additional stimulus measures to support growth, the senior government spokesman said on Sunday that Japan is ready to pump more money into the economy to ease the pain of a protracted pandemic.
Tokyo enters its fourth COVID-19 state of emergency from Monday to August 22, just under two weeks before hosting the Olympics. This has fueled fears of prolonged pain for restaurants affected by shorter hours and a ban on alcohol consumption.
In a debate program on public broadcaster NHK, Chief Cabinet Secretary Katsunobu Kato said, “First of all, we need to carry out anti-infective measures and vaccination in cooperation with citizens, and provide support to businesses and people in need.
“Next, we want to take economic action flexibly and without hesitation,” Kato said, without mentioning the size or timing of the new stimulus measures.
Lawmakers in Prime Minister Yoshihide Suga’s Liberal Democratic Party have stepped up calls for a new relief plan, with party heavyweight Toshihiro Nikai claiming an additional budget of around 30 trillion yen ($ 270 billion) is necessary.
Suga, who is due to call a general election later this year, said on Thursday the government wanted to focus on areas such as business finance, jobs and restaurants, and wanted to deliver as soon as possible.
He said the government would respond flexibly as it tackles the coronavirus blow to the economy with an economic package still in mind.
(With contributions from agencies)