Amid talks around the compilation of the third additional budget, Yoichi Takahashi, one of the six new economic advisers to Japanese Prime Minister Yoshihide Suga, has said that the government needs to spend 40 trillion yen ($ 384 billion) in its third additional budget to combat the hit to the economy caused by the coronavirus pandemic.
Key Comments (via Bloomberg):
“The stimulus plan being drawn up now it should be more than twice the size expected by investors if massive job losses and thousands of suicides are to be avoided“.
“The number may surprise people, but in theory it is necessary“.
“We need put out the fire before it spreads to more places. “
“The current output gap means that more than a million people will lose their jobs in six months if nothing is done“.
“The math shows that that would lead to around 6,000 suicides.”
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
