Japan’s Cabinet just greenlit a massive ¥21.3T (about $136B) stimulus package 💰 aiming to curb rising prices and pump up growth.
Here’s the lowdown: big tax cuts, juicy subsidies, and extra cash for households and businesses. Think more pockets to fill and maybe a lift for Tokyo’s buzzing startup scene 🚀.
But critics warn this could feed Japan’s debt monster—debt-to-GDP is already at 240%—and spark a weaker yen 🪙, which pushes up import costs and could reignite inflation.
Some say it’s less about fighting inflation and more about boosting PM Sanae Takaichi’s profile. Mega-stimulus moves can be political power plays, right?
What’s your take: game-changer or ticking time bomb? Share your thoughts below! 🤔👇
Reference(s):
cgtn.com
