Japan govt ready to take steps to revive economy: Economic Minister

Japan's Trade Representative Akira Amari speaks at a press conference for the Trans-Pacific Partnership (TPP), a pan-Pacific trade agreement by trade ministers from 12 nations in Sydney on Oct 27, 2014. -- PHOTO: AFP
Japan's Trade Representative Akira Amari speaks at a press conference for the Trans-Pacific Partnership (TPP), a pan-Pacific trade agreement by trade ministers from 12 nations in Sydney on Oct 27, 2014. -- PHOTO: AFP

TOKYO (Reuters) - Japan's Economic Minister Akira Amari said on Friday the government is ready to take steps to support the economy, but said no decision has been made yet on whether to compile a fresh economic stimulus package.

Amari told a news conference that he will consult with Prime Minister Shinzo Abe on whether to compile a stimulus package, after scrutinising economic data for July-September.

Japan's daily Yomiuri newspaper reported on Friday the government may compile a stimulus package sized at around 3-4 trillion yen (US$27-37 billion) to subsidise low-income households and small firms hit by rising fuel costs and the pain from a sales tax hike in April.