Reported about 13 hours ago
Japan's Cabinet is set to approve a ¥13.9 trillion ($92 billion) extra budget aimed at financing Prime Minister Shigeru Ishiba's stimulus package, largely funded by increased tax revenue. While this budget slightly exceeds the previous year's plan and addresses concerns about the necessity of extensive spending amidst recent economic growth, it aims to support various sectors including inflation response and social policies. The government faces challenges passing the budget due to its minority status, needing opposition support to advance the legislation.
Source: YAHOO