The Japanese Cabinet has greenlit a substantial 21.3 trillion yen ($135.4 billion) stimulus package aimed at revitalizing the nation’s economy and mitigating the effects of rising prices. Announced on Friday, this expansive fiscal measure underscores Prime Minister Sanae Takaichi’s commitment to aggressive government spending, despite concerns over its potential to exacerbate Japan’s already substantial national debt, which stands at approximately three times the size of its economy.
