Japan unveils an economic stimulus plan worth $113 billion

Japan unveils an economic stimulus plan worth $113 billion

Japanese Prime Minister Fumio Kishida announced on Thursday an economic stimulus package worth $113 billion aimed at alleviating the repercussions of inflation in the country.

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The dollar rose after the release of data indicating inflation below expectations in America.

Voters in the world's third-largest economy are under severe living pressure due to rising prices since the start of the war in Ukraine.

However, Kishida's approval ratings in opinion polls fell to their lowest level since he took office in 2021. "This package...

Its total value is expected to reach a little more than 17 trillion yen ($113.2 billion). Find out the price of the US dollar today.

"The most important pillar of these comprehensive economic measures is to enhance supply capacity to enhance the earning capacity of enterprises," Kishida explained.