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The stimulus package of $120bn to bolster the economy

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NATIONAL DAY: 23 February (EMPEROR'S BIRTHDAY)

Embassy Of Japan

H.E. Mr. Junichi MARUYAMA Ambassador Extraordinary and Plenipotentiary Address:...

Japan

Tokyo Olympics postponed until 2021

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Japanese Business Alliance General Assembly

On 20th February 2020, VI Japanese Business...

Reception on the occasion of the birthday of Japanese Emperor Naruhito

The Japanese Embassy in Belgrade organised a...

News

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Japan is preparing an economic stimulus package worth $120 billion to support growth. The spending would be earmarked in a supplementary budget for this fiscal year to next March and an annual budget for the coming fiscal year from April. Both budgets will be compiled later this month; the sources told Reuters.

The package would come to around 13 trillion yen ($120 billion), but that would rise to $230 billion when private-sector and other spending are included.
The 13 trillion yen includes more than 3 trillion yen from fiscal investment and loan programs, as the government seeks to take advantage of low borrowing costs under the Bank of Japan’s negative interest rate policy.

The government will mobilise construction bonds, unused money from the previous fiscal year’s budget and fiscal investment and loan programs to secure the necessary funding, the Nikkei reported.

Day Of Serbian Diplomacy Marked

On the Day of Diplomacy, Minister of Foreign Affairs Ivica Dačić presented tennis player Novak Djoković with an award for exceptional personal engagement and...

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Austrian Federal Minister for Europe, Integration and Foreign Affairs Alexander Schallenberg and EU and Constitution Minister Karoline Edtstadler attended the handover of aid from...

Air Serbia To Increase The Number Of Flights In June

The national airline of Serbia, Air Serbia, due to increased demand, will increase the number of flights on certain routes to which it is...

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