The Japanese government has unanimously agreed upon an extraordinary economic package worth 21.3 trillion yen. This initiative aims to buff up the nation’s economy that has been hit hard amid global uncertainties. Details about sectors to be benefitted and exact roll-out timelines are yet to be disclosed.
This stimulus package is a critical move for Japan as it is looking to recover its economy from the existing slowdown. Japanese citizens are primarily concerned with how this investment will impact their everyday life - job security, wage increase, and overall economic stability.
Similar to the stimulus packages unveiled by the US and EU member states, Japan's plan is aimed at stimulating its economy. Though the methods and sectors of focus may vary, the prime objectives remain the same – to revitalize the economy, ensure stability and prepare for future challenges.