Associated Press
TOKYO (AP) — Japan has approved a $250 billion economic stimulus package centered around initiatives intended to boost incomes. The broad plan passed by the Cabinet on Friday is the centerpiece of Prime Minister Shigeru Ishiba’s recently installed administration. It provides support for digital innovation in the world’s fourth largest economy, subsidies to defray for rising energy costs and help for low-income households. The plan is designed, the government says, to instill a sense of “well being” in the Japanese people. Japan has managed weak growth in recent quarters, but worries remain about the long term. The plan also calls for raising the annual tax-free salary threshold.
KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.
Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here
If you would like to share a story idea, please submit it here.
