Moscow. October 30. The government of Japan may consider expanding the expenditure side of the budget more than 3 trillion yen ($25 billion), if GDP data, scheduled for release on November 16, will show that the economy needs more support, writes on Friday the newspaper the Nikkei.
The material is not specified any sources of information.
According to the publication, these funds may be spent on the construction of homes for the elderly and support to farmers by Japan, which will face increased competition after the signing of the Treaty on TRANS-Pacific partnership.
The Cabinet has no plans to issue new government bonds to Finance additional spending, notes the Nikkei.
According to the economists cited by the Agency Bloobmerg, Japan’s GDP in the third quarter of 2015 grew by 0.6% after decreasing 1.2% in the previous three months. In calendar year 2015 private sector experts expect a rise in GDP of 0.7% after declining 0.1% in 2014.
Meanwhile the Bank of Japan on Friday downgraded its growth forecasts for 2015 fiscal year ending March 31, up to 1.2% expected in July to 1.7% in April and 2%.