Japan passes the largest fiscal stimulus package in its history

The Japanese government approved this Friday the third economic stimulus package since the start of the pandemic, the largest in its history and valued at 55.7 trillion yen (about 429,000 million euros, more than 10% of its GDP). The new set of measures represents almost double the amount promised by today’s Japanese Prime Minister, Fumio Kishida, during his election campaign in October, and highlights his determination to focus on economic recovery and redistribute wealth among households and small businesses.

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