TOKYO — Japan’s Cabinet approved a 21.3 trillion yen stimulus package Friday to help spur the economy through expansionary government spending and to relieve the impact of higher prices.
After taking office last month, Prime Minister Sanae Takaichi promised to boost government spending despite concerns that such moves will delay progress on trimming Japan’s national debt, which is about triple the size of its economy.
Takaichi told reporters that the package aims to quickly deliver on her promises.
“Through wise spending, we will change worries into hope and achieve a strong economy,” she said.
“What we should do now is to strengthen the national power through expansionary spending, through wise spending, and not to cause harm through excessively contractionary policies,” she said.
Th

Butler Eagle

Reuters US Economy
CNBC
Oscoda Press
The Oklahoman
Reuters US Business
NBC 6 Florida
St. Louis Public Radio
CNN
The Hill Politics
Bored Panda
Spectrum News NY1 Politics
RadarOnline