The Japanese government is spending generously … $ 265 billion to revive the economy and curb inflation

The Japanese government on Friday unveiled a new package of spending incentives worth 39 trillion yen ($ 265 billion), which he believes would increase gross domestic product by 4.6% and help curb inflation.

The government has said it will provide a budget additional for the fiscal year in course of 29.6 trillion yen to finance the package.

In a document describing in detailing the package, the government also expressed hope that the Bank of Japan will take note of the impact of financial market movements on the economy.

The Bank of Japan kept interest rates very low on Friday and maintained its cautious lead, further strengthening its distance from global central banks that tightened monetary policy.

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