Japan Approves $113 Billion Economic Stimulus Plan

  • Tokyo, Japan
  • 2 November 2023
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Japanese Prime Minister Fumio Kishida unveiled a $113 billion economic stimulus package to mitigate the country's inflation repercussions.

"This package is expected to total a little more than 17 trillion yen ($113.2 billion)," the prime minister said during a government meeting attended by officials from the ruling party, explaining, "The most important pillar of these comprehensive economic measures is to enhance the supply capacity to enhance the earning capacity of companies."

Since the war in Ukraine began, Japan, the world's third-largest economy, has been under severe living pressure due to rising prices.

Source (Al-Arabiya.net Website, Edited)