Japanese PM Shigeru Ishiba orders economic stimulus package with cash payouts and subsidies, targeting rising costs and deflation ahead of Oct 27 election.

Japanese Prime Minister Shigeru Ishiba has tasked his cabinet with developing an economic stimulus package to assist households facing rising living costs, ahead of the October 27 general election. The plan includes cash payouts for low-income families and subsidies for local governments, funded by an additional budget post-election. Ishiba aims to combat deflation and improve real wages, acknowledging Japan's significant national debt, projected at 255% of GDP.

October 04, 2024
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