December 5, 2019 / 10:51 AM / 4 months ago

Japan government to say $240 billion econ package to lift GDP by 1.4% - sources

TOKYO (Reuters) - 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

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