TOKYO (Reuters) -Japan’s government is considering compiling a stimulus package sized around 17 trillion yen ($110 billion), the Nikkei newspaper reported on Saturday.
A supplementary budget to fund the package will likely be sized around 14 trillion yen, exceeding that of the previous year, the paper said, without citing sources.
The size of the package, which is being worked out by the Ministry of Finance, could change depending on upcoming negotiations among ruling parties, the Nikkei said.
The package will include bigger exemptions on income tax, tax cuts on gasoline, subsidies to slash utility bills and funds appropriated to prefectures for spending on food aid, it said.
The administration of Prime Minister Sanae Takaichi is expected to finalize the package with approval by the cabinet on November 21.
($1 = 154.53 yen)
(Reporting by Leika Kihara; Editing by Leslie Adler)
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