Japan government to approve $140bn stimulus [Yahoo! Finance]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
US:NYSE Investor Relations:
smfg.co.jp/english/investor
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Source: Yahoo! Finance
The October 27 contest saw voters -- angry over corruption in the Liberal Democratic Party (LDP) and inflation -- deprive new Prime Minister Shigeru Ishiba's coalition of a majority in parliament's lower house. Before a cabinet meeting on Friday morning, Ishiba was quoted by local media as saying the package would be approved later in the day. The 22-trillion-yen stimulus bundle includes energy and fuel subsidies as well as cash handouts for low-income households in the world's fourth-biggest economy, according to the media. The overall impact of the package, set to go before parliament at a later date, is projected to be worth 39 trillion yen when including loans and private-sector investment, the reports said. Ishiba's cabinet plans to formalise the measures on Friday and push a supplementary budget to pay for them through parliament by the end of the year, Kyodo News said. To win enough lawmakers' support, Ishiba agreed to include the lifting of an income tax threshold p
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Sec Filings
- 11/14/24 - Form 6-K
- 11/14/24 - Form 6-K
- 11/14/24 - Form 6-K
- SMFG's page on the SEC website