Japan's stimulus plan must exceed $100 billion, says ruling party executive

FILE PHOTO: A banknote of Japanese yen is seen in this illustration picture taken June 15, 2022. REUTERS/Florence Lo/Illustration/File Photo

TOKYO (Reuters) - Japan's promised economic stimulus must be big enough to exceed the economy's output gap of about 15 trillion yen ($100 billion), a senior ruling party official said on Sunday.

"The gap in Japan's gross domestic product (GDP) is now around 15 trillion yen. It's not enough to just fill this gap," said Yoshitaka Shindo, executive acting chairperson of the ruling Liberal Democratic Party's (LDP) policy research council.