Japan PM candidate Kishida calls for $270 billion-plus stimulus package -media By Reuters

© Reuters. FILE PHOTO: Fumio Kishida, Japan’s ruling Liberal Democratic Party (LDP) lawmaker and former foreign minister, announces his candidacy for the party’s presidential election at a news conference in Tokyo, Japan, August 26, 2021. REUTERS/Issei Kato/File Ph

TOKYO (Reuters) – Fumio Kishida, a key contender to succeed Yoshihide Suga as Japan’s prime minister, called for compiling a stimulus package of over 30 trillion yen ($273 billion) to cushion the economic blow from the coronavirus pandemic, a magazine reported.

Kishida also said that if he were to become prime minister, he would have the Bank of Japan maintain its 2% inflation target and massive stimulus programme, the Diamond magazine quoted him as saying in an interview that ran online on Monday evening.

Kishida told a news conference last week that the government must compile a spending package worth “several tens of trillions yen,” without giving a specific number.

($1 = 109.8200 yen)

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