TOKYO (Reuters) – Japan will consider compiling a “large-scale, bold” additional fiscal stimulus package to cushion the economic blow from the coronavirus pandemic, ruling party heavyweight Toshihiro Nikai was quoted as saying by the Nikkei newspaper.
Nikai, the ruling Liberal Democratic Party’s secretary-general, said the government could compile a third extra budget to fund part of the package, the paper reported on Thursday.
“We’ve already taken ample measures to support firms under a second extra budget. But we’ll take bold, additional steps if necessary,” Nikai was quoted as saying.
Nikai said the party has not received specific requests for help from industries whose profits have been hit by the pandemic, such as carmakers and airlines, saying it was up to each sector to decide whether companies need to consolidate to stay afloat.
“We’d like to take effective measures to support the economy as a whole,” Nikai said.
“If the industries