Japan’s Kishida Unveils Stimulus Package as Support Sags
- Measures include tax cuts, aid for low-income households
- Package may not help Kishida’s record low approval rating
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Japanese Prime Minister Fumio Kishida and his cabinet approved a larger-than-expected economic stimulus package that aims to boost growth and help households hit by inflation, as Kishida’s administration tries to shore up falling support.
The cabinet approved measures that will be worth more than ¥17 trillion ($113 billion) including the impact from tax cuts and other costs. Around ¥13.1 trillion of spending will be funded through an extra budget, according to the cabinet office.