Japan passes $250B economic package meant to lift wages and spur growth
- The Japanese government has passed a $250B economic package aimed at benefits for low-income households, subsidies for utility bills, and help for the disaster-hit Noto Peninsula.
- Including private sector spending, the economic package is valued at around 39 trillion yen and is designed to boost wages and spur growth.
- The Cabinet Office projects that this package will increase Japan's GDP by about ¥21 trillion and reduce inflation by approximately 0.3 percentage points from February to April.
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Total News Sources0
Leaning Left7Leaning Right4Center15Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 27%
C 58%
15%
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