Japan government to say $240 billion econ package to lift GDP by 1.4% - sources
December 05, 2019 at 11:05 pm EST
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The Japanese government is set to announce on Thursday a 26 trillion yen ($240 billion) economic package that it expects will push up gross domestic product (GDP) by 1.4%, three government sources told Reuters.
The package would include fiscal spending of 13.2 trillion yen aimed at stalling growth in the world's third-largest economy amid downward pressure overseas, the sources said, declining to be identified ahead of the cabinet's formal approval of the package expected later on Thursday.
The total package would include government loans, credit guarantees and private-sector spending, they said.
(Reporting by Takaya Yamaguchi; Writing by Tetsushi Kajimoto; Editing by Chang-Ran Kim)
WORLD CO., LTD. is a Japan-based holding company. The Company operates in four businesses through subsidiaries. The brand business is engaged in operating stores which sells ladies, gentlemen and children's apparel and fashion accessories. The investment business aims to optimize the entire business portfolio of the group by directly investing and selling off from the group directly and using the fund indirectly. The digital business proposes and executes digital solutions such as EC mall business specialized in fashion, other company's EC business, business consignment of information and logistics system. The platform business provides support for space creation through production and procurement of clothing items and clothing accessories, trade and furniture manufacturing and sales.
WORLD CO., LTD. 