Japan to approve $87 billion stimulus in bid to tackle soaring living costs

Posted on November 21, 2024   |  

Japan's ruling coalition and the Democratic Party for the People (DPP) agreed on an economic stimulus plan for $87 billion amount.

The plan aims to support households affected by rising living costs and is expected to get cabinet approval soon.

Low-income households will receive 30,000 yen ($193), and families with children will get 20,000 yen per child.

Parliament will discuss a supplementary budget next month to fund the stimulus package.

The package, worth 13.5 trillion yen ($87 billion), focuses on easing the financial burden on struggling families.

This agreement marks a key step toward helping households and strengthening the economy.