TOKYO (Reuters) – Japan’s ruling Liberal Democratic Party will propose a stimulus package totaling 16% to 17% of gross domestic product amid the coronavirus outbreak, its policy chief said on Monday.
Fumio Kishida told reporters that the party would propose a formalized package to the government on Tuesday. He also said it would be difficult to bring a sales tax back to its current level if the government were to cut the nationwide tax.
(Reporting by Daniel Leussink and Tetsushi Kajimoto; Editing by Toby Chopra)
