Japan Stimulus Package to Include $144 Billion in Spending

Japanese Prime Minister Fumio Kishida is set to announce spending of around 21.8 trillion yen ($144 billion) in his latest stimulus package, according to a draft of the plans obtained by Bloomberg.

The package will fund measures to cushion the impact of inflation on households, help firms raise wages and offer support for domestic investment and growth, the draft showed. Kishida had earlier ordered a temporary cut to income tax and handouts for low-income households as key elements of the package.