The announcement of the government’s ¥10.3 trillion supplementary budget on Friday has been widely welcomed. However, it is unlikely to provide the boost to the economy the Cabinet Office expects. In practice, the budget just rolls over the extra spending announced last year and the year before so will not provide a net boost to growth.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services