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Japan LDP Motegi signals chance of extra budget exceeding Y30 trln

by Mike Robinson

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© Reuters. In this illustration from February 28, 2013, light is cast onto a Japanese 10,000-yen note. It’s then reflected on a Tokyo plastic board. REUTERS/Shohei Miyano/File Photo

TOKYO, Reuters – Japan’s top executive of the ruling party Toshimitsu Mtegi stated on Thursday that a budget increase of over 30 trillion yen (or $263 billion) would be a big message to markets.

Motegi is the secretary general for the Liberal Democratic Party (LDP). This comment comes before Friday’s government announcement about a new package of pandemic-relief stimuli.

($1 = 114.0700 yen)

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