Japanese Government: Governments

japanese government: Governments will implement a bold fiscal policy, and central banks will significantly expand its funding. ; That's exactly what governments around the world have been doing, and the Japanese government is no exception, according to The Japan Times. Under the Abe Cabinet, it issued additional government bonds to the order of 60 trillion that is, more than 10% of GDP along with the implementation of other policies. As the last line of defense, governments and central banks do whatever it takes and inject capital in the markets. Despite having little room left to maneuver after years of unconventional monetary policies, the Bank of Japan has made it clear that it will work side by side with the government to prevent the economy from crashing. Recently, Prime Minister Yoshihide Suga has made organizational changes to pursue new policies. There's still no end in sight for the pandemic crisis, but as Japan's economy averts a worst-case scenario and makes a modest recovery, how to revitalize its industries is becoming a major issue. (news.financializer.com). As reported in the news.