On November 21, 2024, Japanese Prime Minister Shigeru Ishiba revealed a substantial economic stimulus package totaling ¥21.9 trillion ($140 billion). This initiative aims to tackle pressing issues such as inflation and wage growth.
The proposed package allocates ¥13.9 trillion from the general account for various spending measures. This amount slightly exceeds last year's fiscal spending package of ¥21.8 trillion. When combined with anticipated private sector expenditures, the overall economic impact is projected to reach approximately ¥39 trillion.