Japanese Prime Minister Fumio Kishida announced on Thursday a stimulus package worth $113 billion aimed at easing the pain from inflation.
Voters in the world’s third-largest economy have been squeezed by rising prices since the Ukraine war while Kishida’s poll ratings are at their lowest since taking office in 2021.
“This package… is expected to total in the lower range of the 17 trillion yen ($113.2 billion) level,” Kishida said in a government meeting with ruling party officials. “The most important pillar of these comprehensive economic measures is to strengthen supply capacity to enhance the earning power of companies,” Kishida said.—AFP
