Japan PM Abe announces $17.8 billion economic stimulus package

Japan PM Abe announces $17.8 billion economic stimulus package

TORU HANAI

Speaking at a meeting with his top advisory panel, Abe said the package should focus on subsidizing education, child-care costs, and on boosting corporate investments to improve productivity.

Abe is expected to announce a snap election later on Monday to take advantage of improved ratings and disorganized opposition parties, and the stimulus package could be a way to lure voters during the election campaign.

(Reporting by Stanley White; Editing by Chang-Ran Kim)

TOP READS FROM THE FISCAL TIMES