Company News

Japan's 3rd extra budget for stimulus may exceed 15 trln yen - lawmaker

TOKYO, Nov 11 (Reuters) - Japan’s third extra budget for economic stimulus steps may need to be bigger than 15 trillion yen ($142.5 billion), a senior lawmaker in the ruling Liberal Democratic Party (LDP) said on Wednesday.

Hakubun Shimomura, the LDP’s policy research council chief, said the party wanted the extra budget to be compiled on Nov. 27, adding it may need to be “more than 10 trillion to 15 trillion yen”.

Cabinet ministers have said the size of the new package had not been decided yet, but ruling party lawmakers have called for 10 trillion to 30 trillion yen in new measures. ($1 = 105.2700 yen) (Reporting by Yoshifumi Takemoto, writing by Kaori Kaneko Editing by Chang-Ran Kim)