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Japan’s new PM is preparing large economic stimulus to tackle inflation, sources say
Japan’s new Prime Minister Sanae Takaichi is preparing an economic stimulus package that is likely to exceed last year’s $92 billion to help households tackle inflation, government sources familiar with the plan said on Wednesday. The package of more than 13.9 trillion yen ($92.19 billion) marks Takaichi’s first major economic initiative since the advocate of big fiscal spending took office on Tuesday, reflecting her commitment to what she calls “responsible proactive fiscal policy.” It will be built around three main pillars: measures to counter inflation, investment in growth industries, and national ... (full story)