Economics
Japan’s Economy Needs More Spending Aid, Abenomics Advocate Says
- Etsuro Honda calls for $87 billion package to shore up growth
- Says uncertainties from Russian invasion will hit sentiment
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Japan needs fresh spending of about 10 trillion yen ($87 billion) to shore up its fragile economy as Russia’s invasion of Ukraine fuels global uncertainties, an economic adviser to former premier Shinzo Abe said.
“It’s better to compile an extra budget as soon as possible,” Etsuro Honda, one of the architects of Abenomics, said in an interview. “The government has to make the outlook for the economy better for businesses using fiscal measures.”