Japan parliament agreed on Friday 29 trillion yen ($216 billion) budget in The second Package of Supplementary spending aimed at countering the hit to household finances rising Food and utility costs and a weak yen.
Additional spending mainly funded by government bonds, it is considered help Strengthen economy But he has added to worry over The already heavy national debt.
Global price rise and weakness of Yen inflation in costs for Japan’s imports drive inflation higher in a added critical for Both consumers and businesses. The government Basically stick to using spending to counter inflation, instead of Raising interest rates, because economy He was growing slowly pace for several years.
The latest Stimulus package It will save about 5,000 yen ($37) in monthly subsidies for Household electricity and gas bills, totaling 6 trillion yen ($45 billion). He. She also Coupons will be funded worth 100,000 yen ($680) for women who pregnant or nursing of Children.
supplement budget Dozens will be funded of Non-urgent, multi-year projects such as research And the developmentand subsidies for Semiconductor manufacturing. About 5.5 trillion yen ($40 billion) has been earmarked for innovation, reduction use of Fossil fuels and measures to enhance resilience in the work market.
Opposition MPs and some experts accused government of Emphasis on size of motivation instead of Contents of The package.
Japan national Finance also It is long lasting problem And the pressure is increasing with increasing government Seeks to double defense spending in The coming years to face threats from China and North Korea.
