Japan approves gigantic stimulus package

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Japan approves gigantic stimulus package
Photo: Ahn Young-Joon/AP/TT

Japanese Prime Minister Sanae Takaichi confirms that a stimulus package equivalent to around 1,300 billion Swedish kronor has been approved.

She also says that her government is fiscally responsible.

What Japan should do now is not to weaken its national strength through excessive austerity measures, but to strengthen its national strength through proactive fiscal policy, she says in Tokyo.

According to media reports, the goal of the stimulus package is to alleviate the impact of inflation on households and businesses.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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