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Most Japanese companies want Kishida’s additional budget to be at least 10 trillion yen

Japanese companies have expressed support for additional fiscal stimulus plans from new Prime Minister Fumio Kishida.

Via a Reuters survey of Japanese companies.

  • Monthly business survey

Prime Minister Kishida has pledged economic measures to revive the Japanese economy as it emerges from the impacts of the pandemic. , which is already grappling with the heaviest indebtedness in the industrial world.

The business survey showed

  • 87% of companies have requested a significant additional budget to finance the recovery
  • 40% support an expenditure of 10,000 billion to 20,000 billion yen
  • 23% claiming 20 trillion to 30 trillion yen or even more

There is no doubt that Kishida wants to increase budget support, but the promises must be read in the context of the upcoming general election in Japan and the amounts announced could be falsified.

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