Japan Approves $135 Billion Stimulus to Mitigate Inflation Pain

Japanese Prime Minister Sanae Takaichi’s cabinet approved the largest round of extra spending since the pandemic, deploying funds to address the frustrations of voters in a package that may unsettle investors scrutinizing the nation’s finances.

The stimulus plan will feature ¥17.7 trillion ($112 billion) in general account spending, the Cabinet Office said Friday — representing a clear jump from last year that will be reflected in an upcoming extra budget. The total package is valued at ¥21.3 trillion, with the bulk of the measures aimed at price relief.