Japan's Prime Minister Shigeru Ishiba to Present New Economic Policy Amid Rising Living Costs

On November 29, 2024, Japan's Prime Minister Shigeru Ishiba is scheduled to address an extraordinary session of parliament, where he will unveil his latest policy vision. This comes as he seeks approval for a supplementary budget amounting to ¥13.9 trillion (approximately $92 billion) aimed at funding a new stimulus package.

Following a series of early policy adjustments and a mixed performance at international summits in South America, Ishiba is now focused on fulfilling his commitments to enhance the economy and support households facing increasing living expenses. Additionally, he is preparing for the transition to the incoming administration of US President-elect Donald Trump.

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