Japan government to earmark $40 billion to boost growth in FY2020/21 budget: sources

Japan will earmark 4.4 trillion yen ($40.52 billion) in the next fiscal year&#03...

FILE PHOTO - Japan's national flag is seen in front of a crane at a construction site at a business district in Tokyo, Japan, January 5, 2017. REUTERS/Kim Kyung-Hoon

In an effort to push more funding to growth sectors, the government will urge ministries to trim spending in other areas such as public works by 10 percent from this fiscal year, the sources said on condition of anonymity because they are not authorised to speak to media. The Ministry of Finance will gather spending requests from government ministries by the end of August in accordance with the outline.

The government will not set a ceiling for total expenditure, the sources said, meaning Abe must walk a tight rope as he seeks to balance the imperatives between growth and fiscal reform.

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