Japan agrees on $87 billion stimulus to ease rising costs, including tax cuts and aid.

Japan has reached a consensus on an $87 billion economic stimulus package to help households deal with rising prices. The package, agreed upon by the ruling coalition and the main opposition party, includes raising the tax-free income threshold, reducing gasoline taxes, and providing financial aid to low-income families. The parliament will discuss funding for the package in the coming month.

November 20, 2024
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