Stimulus Package

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Japan's government has revised upward its economic forecast for the fiscal year ending next March, projecting acceleration in growth the following year due to a massive stimulus package boosting consumption and capital expenditure. The latest projections, approved by the cabinet on Wednesday, expect 1.1% expansion in the current fiscal year. Growth is forecasted at 1.3% for fiscal 2026.

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Japan's government is considering an economic stimulus package exceeding 17 trillion yen to tackle rising prices. Finance Minister Satsuki Katayama revealed the scale after a meeting with Prime Minister Sanae Takaichi, as reported by Nikkei. Cabinet approval is slated for Friday.

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