Japanese government is finalizing a fiscal stimulus package targeting around 21.3 trillion yen to bolster its economy, in response to the COVID-19 crisis. This expeditious initiative seeks to fuel economic growth, infuse stability, and fortify the pandemic-stricken sectors. While the specifics of the package are yet to be detailed, it is expected to have a significant impact on both domestic and global economies.

Economic sustainability is a major concern among Japanese citizens, especially with the long drawn-out effects of COVID-19 affecting employment, growth sectors and the overall economy. A large-scale economic stimulus package, such as the one proposed, symbolizes the government’s dedicated effort towards economic recovery and prosperity. Concerns regarding increased debt could be tempered by the overall positive outcome on the domestic economy and individual households.

Considering the global-scale economic downturn due to the pandemic, many countries including the US and EU have also released their own stimulus packages. While the magnitude and targeted sectors may vary, the fundamental aim is universal - to support the respective economies and cradle each country's specific industries. This collective action underscores the importance of government intervention in times of economic crises.