Japan PM Unveils $113 Billion Economic Package to Ease Inflation Pain

Japanese Prime Minister Fumio Kishida says the economic package will help low-income households and businesses to cope with inflation.
Japan PM Unveils $113 Billion Economic Package to Ease Inflation Pain
Japanese Prime Minister Fumio Kishida speaks to reporters about ALPS-treated water from the Fukushima Daiichi Nuclear Power Plant at the prime minister's office on Aug. 24, 2023. STR/JIJI Press/AFP via Getty Images
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Japanese Prime Minister Fumio Kishida has announced a 17 trillion yen ($113 billion) economic package that’s aimed at supporting households and businesses to cope with inflationary pressure.

The package will include a temporary 40,000 yen ($266) tax cut per person beginning in June 2024, as well as 70,000 yen ($466) in payouts to households that are struggling to make ends meet, he said at a Nov. 2 news conference.
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