Japan PM unveils $113 billion stimulus as poll numbers slump

Japan PM unveils $113 billion stimulus as poll numbers slump

Japanese Prime Minister Fumio Kishida has revealed a stimulus package worth over $100 billion in an attempt to address rising inflation and the decline in his approval ratings. The stimulus plan includes income and residential tax reductions, cash handouts to low-income households, and measures to encourage businesses to increase wages. However, economists question whether this package will effectively address the country’s economic challenges or boost Kishida’s popularity. Japan’s debt mountain is expected to rise with the implementation of the stimulus package, which has already been approved by the cabinet.

TIS Staff

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