Japan to Launch New Economic Support Package

Japan to Launch New Economic Support Package
Japan to Launch New Economic Support Package

Prime Minister Shigeru Ishiba plans a supplementary budget exceeding 13.1 trillion yen (about $87.6 billion) to support the economy.

The budget aims to enhance social and economic stability amid current challenges.

Last year's supplementary budget was 13 trillion yen.

The new package will provide financial aid to low-income households and subsidies to local governments.

Ishiba aims to alleviate the burden of high living costs and combat deflation that has hindered growth for decades.