The Japanese government is considering more than $92 billion

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      The Japanese government is considering a massive economic stimulus package with fiscal spending of more than $92 billion as weak global demand and the Sino US trade war cast a shadow over Japan's fragile economic recovery, the Nikkei Economic News reported.
Japan's government will issue more bonds to fund up to 4 trillion yen ($36.82 billion) of public works spending and to fill the tax revenue gap caused by trade tensions, the Nikkei News reported Saturday.
Japan's Prime Minister Shinzo Abe's government will finalize the stimulus package early next week after consultation with the ruling coalition, the report said. The report did not identify the source.
Officials from Japan's Ministry of finance have not been contacted for comment.
Members of the ruling party have been pressuring the government to prepare large-scale spending plans, increasing the possibility that fiscal policy will play a more important role in supporting economic growth, although more bonds may be issued.
Tokyo Kuroda, President of the Bank of Japan, said Friday that the central bank's ultra loose monetary policy aims to achieve inflation targets, rather than to meet government spending, and warned against complacency in restoring Japan's fiscal order.


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