Time Frame: Economy and Breathing Space

time frame: But the precise time frame for that extra spending isn't clear. ; On the bullish side, economist Chotaro Morita at SMBC Nikko Securities said the package could help the economy grow by more than 1.5 percent next fiscal year, according to The Japan Times. More pessimistically, Pantheon Macroeconomics' Freya Beamish says the stimulus won't come quickly enough to prevent the economy from falling into a technical recession. The package announced Thursday includes 13.2 trillion of public funds to support an economy that's forecast to shrink this quarter. What is clearer is that the BOJ now has more breathing space to keep its easing on hold. It only wants to take further action if it's absolutely necessary. The bank has already bought assets worth more than the nation's entire economy to try to support growth and inflation, and the side effects of those policies are weighing on the banking sector. (news.financializer.com). As reported in the news.