Economics
Economists See Japan’s Stimulus Boost Getting Smaller
- Government forecasts measures will give 3.6% bump to economy
- Analysts say projection too optimistic after previous packages
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Japan expects its latest stimulus package will boost the economy by 3.6%, but analysts warn that the number should be approached with caution.
Prime Minister Yoshihide Suga’s administration said its $708 billion set of measures would have more of an impact than either of its larger packages earlier in the year. That assertion comes despite a view held by many economists that the dollar-for-dollar impact of stimulus typically decreases as time passes from a crisis or recession.