TOKYO—Japan must compile an economic stimulus package worth at least 32-33 trillion yen ($282-$290 billion) to cushion the impact of the coronavirus pandemic, a senior ruling party official close to Prime Minister Fumio Kishida said on Thursday.
Such large-scale spending would be needed to fill Japan’s output gap and achieve the central bank’s 2 percent inflation target, said Kozo Yamamoto, an architect of former premier Shinzo Abe’s “Abenomics” stimulus policies.
