FILE PHOTO: Japan's Finance Minister Taro Aso attends the G20 Finance and Central Bank Deputies Meeting in Tokyo, Japan January 17, 2019. REUTERS/Issei Kato
“I have not received instructions” from Prime Minister Shinzo Abe, Aso told reporters after a cabinet meeting. “I’m not considering anything that must be done now.” Yasunari Ueno, chief market economist at Mizuho Securities, says the government is likely to earmark $5 billion-$10 billion for infrastructure rebuilding, while longtime Japan strategist Jesper Koll forecasts something more like $20 billion-$30 billion.
That would be the first stimulus package since 2016, with the aim of supporting disaster relief and reconstruction from typhoon Hagibis and boosting economic growth, Nikkei reported.
Ye It nnever worked for other countries either