Japanese Prime Minister Sanae Takaichi’s cabinet approved the largest round of extra spending since the pandemic, deploying funds to address the frustrations of voters in a package that may unsettle investors scrutinizing the nation’s finances.
The stimulus plan will feature ¥17.7 trillion ($112 billion) in general account spending, the Cabinet Office said Friday — representing a clear jump from last year that will be reflected in an upcoming extra budget. The total package is valued at ¥21.3 trillion, with the bulk of the measures aimed at price relief.
AloJapan.com