Aye to Kishida’s big fiscal stimulus plan

Rescue package: Kishida has pledged to draw up economic measures to revive the world’s third-largest economy, which is already saddled with the industrial world’s heaviest debt load. — Reuters

TOKYO: Japanese firms overwhelmingly want the government to draw up an extra budget of US$90bil (RM374bil) or more to ease the pain caused by Covid-19, according to a Reuters poll, indicating support for new Prime Minister Fumio Kishida’s additional stimulus plans.

The monthly Corporate Survey results come as Kishida, who took over from Yoshihide Suga as premier last week, ordered his cabinet to compile an economic package targeting households and businesses hit hard by the pandemic.