- ARAB NEWS
- 01 May 2025
Since 1975
TOKYO: The Japanese government's economic stimulus measures are expected to lift the country's real gross domestic product by up to some 4.4 pct, the Cabinet Office said Friday.
The agency previously projected that the stimulus measures, including those drawn up in response to the coronavirus outbreak, would raise GDP by up to some 3.8 pct.
The upward revision came after the government introduced universal cash handouts, instead of payouts to financially struggling households.
But many private-sector economists think that the government's projection is optimistic. Some estimate that the measures will only boost GDP by between one pct and 1.5 pct.
JIJI Press
