Japanese Government Set to Unveil ¥21.9 Trillion Economic Stimulus Package

Forex - Japanese Prime Minister Shigeru Ishiba is preparing to announce a 21.9 trillion yen economic stimulus package that will address a range of issues from inflation to wage increases. According to reports, the package will be significantly larger than last year's measures and will include expenditures of 13.9 trillion yen from the general account. The total impact of the package, along with private sector spending, is expected to reach approximately 39 trillion yen. The proposed plan is anticipated to be approved by the cabinet on Friday, following Ishiba's return from South America, where he participated in a series of summit meetings. The preparation of the package alongside an additional budget is seen as a significant test of Ishiba's ability to govern during a period when his ruling coalition is in the minority in parliament.