Market observers may also be positioning ahead of further fiscal stimulus measures. Prime Minister Shinzo Abe could release a package of new spending measures on Tuesday to support the economy and he could allow the government to finance more projects this year, according to the Nikkei newspaper.
The new package could come with a range of stimulative measures, including shopping vouchers, increased pay for nursery school teachers and public works projects, Asia Times reports. Additionally, Abe’s administration is working on a stimulus package of 10 trillion yen and whether to proceed with a planned sales tax hike.
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