The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Tokyo / Bloomberg
Japan will need economic measures in the second half of the current fiscal year after Prime Minister Shinzo Abe said the government will front-load budget spending, according to the vice president of the ruling Liberal Democratic Party of Japan.
Implementing this year’s budget quickly will help address Japan’s weak consumer spending, said Masahiko Komura. “Then naturally there will have to be something to supplement†after that, he said on public broadcaster NHK’s political debate program, without elaborating.
Natsuo Yamaguchi, head of junior coalition party Komeito, said on the same program that he suggested to Abe to consider fresh economic measures after the parliament passed the budget for the year ending March 31.
Asked about the possibility of a snap Lower House election, Komura said that it was up to the prime minister. “I would not say there is zero chance but I don’t think there is a big chance, either,†he said.