Japan looks to compile over 20 tril. yen stimulus package amid rising costs

The Japanese government is looking to compile an economic package worth more than 20 trillion yen ($129 billion) to ease the pain of rising living costs, a source close to the matter said Wednesday.As part of efforts to counter persistent inflation, the central government plans to set aside 2 trillion yen for subsidies to local governments, which can use the funds at their discretion, and allocate about 400 billion yen for a cash handout of 20,000 yen per child, according to the source.The stimulus measures, backed by a supplementary budget for the year ending March 2026, are expected to be…READ FULL ARTICLE