Published 1 year ago

Japan to OK $490B in stimulus to cushion impact of inflation

Summary by CP24

Japanese Prime Minister Fumio Kishida’s government approved Friday a hefty economic package that will include government funding of about 29 trillion yen ($200 billion) to soften the burden of costs from rising utility rates and food prices.

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Times of India

Japan Cabinet OKs $200B spending plan to counter inflation

The stimulus package includes subsidies for households that are largely seen as an attempt by Kishida to lift his plunging popularity. His government has been rocked by the ruling Liberal Democratic Party's close ties to the South Korean-based Unification church, which surfaced after the assassination of former leader Shinzo Abe in July.

1 year ago·India

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The Hindu

Japan’s Cabinet approves $200 billion economic stimulus plan to lighten household burdens from inflation and weaker yen

Japan's Cabinet has approved a hefty economic package including about 29 trillion yen ($200 billion) in government spending to alleviate the burden of costs from rising utility rates and food prices

1 year ago·India

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CTV News

Japan Cabinet OKs US$200B spending plan to counter inflation

Japan's Cabinet approved Friday a hefty economic package including 29 trillion yen (US$200 billion) in government spending to counter the blow to household budgets from inflation, signaling that the greater concern of its policymakers is that the economy will stall, not overheat.

1 year ago·Canada

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Reuters

Japan cabinet approves spending package to ease inflation pain

TOKYO - Japan's government on Friday unveiled a new stimulus package with spending worth 39.0 trillion yen ($265 billion) that it said would boost gross domestic product (GDP) by around 4.6%. The government said it would compile an extra budget in the current fiscal year worth 29.6 trillion yen to fund the package. In a document detailing the package, the government also expressed hope

1 year ago·United Kingdom

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Associated Press News

Japan Cabinet OKs $200B spending plan to counter inflation

TOKYO (AP) — Japan’s Cabinet approved Friday a hefty economic package including 29 trillion yen ($200 billion) in government spending to counter the blow to household budgets from inflation, signaling that the greater concern of its policymakers is that the economy will stall, not overheat.

1 year ago·United States

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abc News

Japan to OK $490B in stimulus to cushion impact of inflation

Japanese Prime Minister Fumio Kishida’s government is to approve a hefty economic package that will include government funding of about 29 trillion yen ($200 billion) to soften the burden of costs from rising utility rates and food prices

1 year ago·United States

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