Japan’s $250bn stimulus plan seeks to encourage more work and spending

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter highlighting Prime Minister Shigeru Ishiba’s $250bn economic stimulus package in Japan, aimed at addressing rising prices and adjusting to inflation. The package includes a significant rise in the minimum salary threshold for income tax, a key initiative of the Democratic People’s Party, reflecting the fragility of Ishiba’s government. Analysts anticipate a BoJ interest rate hike in December amidst concerns over fiscal discipline and inflation’s impact on tax revenue and debt stock, with the weak yen affecting energy and food prices in Japan.

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