Japan proposes $92.5B supplementary budget to fight inflation and boost economy amid political challenges.

Japan's government has proposed a supplementary budget of 13.9 trillion yen ($92.5 billion) for fiscal 2024 to combat inflation and stimulate economic growth. The budget includes measures to support wage increases, reduce utility costs, and aid regions affected by natural disasters. It will partly rely on surplus tax revenue and additional government bonds. The budget aims to be enacted by the end of the year, but faces political challenges due to recent electoral results.

December 09, 2024
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