Japanese Prime Minister Shigeru Ishiba is set to announce a significant economic stimulus package worth ¥21.9 trillion ($140 billion) to address issues such as inflation and wage growth.
NHK reported that this initiative includes ¥13.9 trillion allocated for spending from the general account, slightly exceeding last year's fiscal spending package of ¥21.8 trillion.
When combined with private sector spending, the overall impact of the stimulus is expected to reach approximately ¥39 trillion.
This comprehensive approach aims to strengthen the economy in the face of ongoing challenges, demonstrating the government's commitment to promoting economic stability and growth.