The Japanese government is planning direct fiscal spending of around 7 trillion yen ($67 billion) to help fund an economic stimulus package totalling more than 28 trillion yen, two people briefed on the matter told Reuters on Thursday.
That amount - at just a quarter of the total package - could disappoint some market players bracing for bigger outlays given the massive headline figure, equal to more than 5 percent of gross domestic product.
The total package, to be approved by Prime Minister Shinzo Abe's cabinet next Tuesday, also includes 6 trillion yen for a fiscal loan and investment programme aimed at spurring private-sector spending such as for construction of a "maglev" train line, the sources said. They spoke on condition of anonymity because the plan has not been finalised.
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That amount - at just a quarter of the total package - could disappoint some market players bracing for bigger outlays given the massive headline figure, equal to more than 5 percent of gross domestic product.
The total package, to be approved by Prime Minister Shinzo Abe's cabinet next Tuesday, also includes 6 trillion yen for a fiscal loan and investment programme aimed at spurring private-sector spending such as for construction of a "maglev" train line, the sources said. They spoke on condition of anonymity because the plan has not been finalised.
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