Japan Stimulus Likely to Show Kishida’s True Spending Colors
- Government has about 30 trillion yen of leftover cash to use
- A hawkish package might not require any bond issuance at all
Fumio Kishida speaks during a press conference at the party headquarters in Tokyo, on Nov. 1.
Photographer: Rodrigo Reyes Marin/Getty ImagesThis article is for subscribers only.
Prime Minister Fumio Kishida’s stronger-than-expected election victory smooths the path for a stimulus package that signals whether he’s a big spender or a budget balancer.
Cash handouts and a relaunch of domestic travel subsidies will be considered for inclusion when the package is put together in mid-November, Kishida said Monday. The premier has yet to put a figure on the amount of spending, but has said it will be trillions of yen.