Japanese LDP official Kato calls for stimulus plan to boost investment

TOKYO (Reuters) – Katsunobu Kato, Japan’s former health minister and a candidate running in the ruling party leadership race, on Tuesday called for compiling a stimulus package to fund spending to boost domestic investment and revitalise regional economies.

“Japan is on the cusp of emerging from deflation. We shouldn’t stop this drive and instead accelerate it” with a focus on doubling household income and boosting capital expenditure, Kato said in a news conference announcing his intention to run in the Liberal Democratic Party’s (LDP) leadership race on Sept. 27.