Economics
Japan’s Ishiba Set to Announce $140 Billion Stimulus Package
- Package set to be slightly larger than in 2023, documents show
- LDP needed to strike a deal with minor opposition party
This article is for subscribers only.
Japanese Prime Minister Shigeru Ishiba is set to unveil a $140 billion economic stimulus package to address a range of challenges from inflation to wage growth, following his election promises to alleviate a cost-of-living crunch.
The package will add up to ¥21.9 trillion, according to documents seen by Bloomberg, a fraction larger than last year’s array of measures. The package will include ¥13.9 trillion of spending from the general account, and ¥0.9 trillion from the special account. Together with private sector spending, the impact of the package overall is expected to be around ¥39 trillion, the documents said.