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Economy

Japan readies to implement record $487bn stimulus package

Households and businesses to gain from Kishida's distribution policy

Japanese Prime Minister Fumio Kishida is making good on his distribution policy.

TOKYO -- Japan's economic stimulus package set to be approved by the cabinet on Friday will be a record 55.7 trillion yen ($487 billion) on a fiscal expenditure basis, Nikkei has learned.

The package will surpass the previous high set in 2020 in response to the coronavirus pandemic. The size of the stimulus, including private sector funds, will be 78.9 trillion yen.

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