TechFlow news, November 21 — According to Jinshi Data, Japan's Masahiro Takata cabinet today approved the largest economic stimulus package since the pandemic, totaling 21.3 trillion yen (approximately $112 billion). More than half of the funds (11.7 trillion yen) will be allocated to inflation relief, including a 7,000-yen energy subsidy per household, a 20,000-yen cash payment per child, and the suspension of gasoline taxes. The move aims to address high inflation lasting 43 months and rising public dissatisfaction. Funding will be raised through increased taxation and new government bonds, with the supplementary budget expected to be submitted to parliament on November 28.
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