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Japan's PM candidate Kishida calls for huge stimulus package - Nikkei

Economy Aug 29, 2021 07:40AM ET
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© Reuters. Fumio Kishida, Japan's ruling Liberal Democratic Party (LDP) lawmaker and former foreign minister, announces his candidacy for the party's presidential election at a news conference in Tokyo, Japan, August 26, 2021. REUTERS/Issei Kato

TOKYO (Reuters) - Japan must launch a new economic stimulus package worth "several tens of trillion yen" as soon as possible, Fumio Kishida, who is running to be prime minister in a forthcoming election, was quoted as saying by the Nikkei newspaper on Sunday.

Kishida, a former foreign minister, said on Thursday he would challenge Prime Minister Yoshihide Suga for the leadership of the ruling party, as the premier struggles with crumbling approval rates ahead of the election.

The winner is virtually assured of being prime minister because of the Liberal Democratic Party's (LDP) majority in parliament's lower house. The LDP chief must lead the party to a general election by Nov. 28.

Kishida told reporters the stimulus package would include aid for all economic sectors and regions in need of help due to the COVID-19 pandemic, according to the Nikkei.

Japan's PM candidate Kishida calls for huge stimulus package - Nikkei
 

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Comments (6)
Kaveh Sun
Kaveh Sun Aug 29, 2021 10:53AM ET
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Dont matter left, right , center; all print more money. It is just the magnitude
Connecticut Yankee
A_Jaundiced_Eye Aug 29, 2021 9:47AM ET
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All these vote-buying schemes can be summed up in one word: G-O-L-D.
Molo Inc
Molo Inc Aug 29, 2021 9:38AM ET
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It's now the politician giving voter money, voter then forwards to citizen for upgrade weird assumption from an AI perspective?
New Jazenevd
New Jazenevd Aug 29, 2021 8:48AM ET
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Habitual promises to print more money. Natural dead-end for democracy. Starts as pursuit of liberty, ends as vote-buying printing press.
Balaji Telang
Balaji Telang Aug 29, 2021 8:38AM ET
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what a propaganda of spreading such good news in favor of bull.
Yoyogi Shark
Yoyogi Shark Aug 29, 2021 8:21AM ET
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If I got 1 JPY for every time a Japanese politician wants to print more money I would have those "several tens of trillion yen".
V E SKYLINE
V E SKYLINE Aug 29, 2021 8:21AM ET
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Did the nikkei have a vix in the 80s?
 
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