Abe to reshuffle cabinet on Aug 3



Japan’s top government spokesman said on Friday that Prime Minster Shinzo Abe will reshuffle his cabinet on Aug 3 to accelerate his Abenomics economic policies.

Chief Cabinet Secretary Yoshihide Suga told a news conference that the cabinet will approve an economic stimulus package next Tuesday, a day before the cabinet reshuffle.

He also said Japan’s job market is steady improving and the government would make utmost efforts to beat deflation and revive the economy.

Abe’s promised economic stimulus package will include 13.5 trillion yen in “fiscal measures,” both direct government spending and loans, according to a draft of the package seen by Reuters on Friday.

The package includes 7.5 trillion yen in spending by the national and regional governments and 6 trillion yen from the Fiscal Investment and Loan Programme, which is not included in the government’s general budget, the draft shows.

The headline figure for the package, which includes public-private partnerships and other amounts that are not direct government outlays, comes to 28.1 trillion yen.

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