{"id":161538,"date":"2025-11-26T23:55:30","date_gmt":"2025-11-26T23:55:30","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/161538\/"},"modified":"2025-11-26T23:55:30","modified_gmt":"2025-11-26T23:55:30","slug":"japans-populist-debt-fuelled-spending-plan-alarms-economists","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/161538\/","title":{"rendered":"Japan\u2019s populist debt-fuelled spending plan alarms economists"},"content":{"rendered":"<p>Japanese Prime Minister <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/sanae-takaichi?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Sanae Takaichi<\/a> defended her 21.3 trillion yen (US$136.5 billion) stimulus package in parliament on Wednesday, telling opposition politicians the debt-fuelled plan was \u201cnecessary\u201d amid concerns over the yen\u2019s slide and Japan\u2019s worsening financial health.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Takaichi\u2019s cabinet signed off on the 21.3 trillion yen (US$136.5 billion) package on Friday, including 17.7 trillion yen in fresh spending \u2013 the largest stimulus since the pandemic and her first major economic gambit since taking office.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Cash handouts and subsidies form the core of the package, aimed at voters battered by inflation that has outpaced wage growth.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Headline measures include one-off payments to families of 20,000 yen per child, extended subsidies for winter power bills and local measures such as vouchers for rice and coupons for electricity.<\/p>\n<p>Economists seem to be unanimously not in favour of this planMartin Schulz, policy economist<\/p>\n","protected":false},"excerpt":{"rendered":"Japanese Prime Minister Sanae Takaichi defended her 21.3 trillion yen (US$136.5 billion) stimulus package in parliament on Wednesday,&hellip;\n","protected":false},"author":2,"featured_media":161539,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[220,72,114,493,969,113,426,9658,41698,61,1095,60,582,90268,90267,6625,25204,1963,36269],"class_list":{"0":"post-161538","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-ai","9":"tag-business","10":"tag-china","11":"tag-diet","12":"tag-donald-trump","13":"tag-economy","14":"tag-food","15":"tag-fuel","16":"tag-fujitsu","17":"tag-ie","18":"tag-inflation","19":"tag-ireland","20":"tag-japan","21":"tag-japan-innovation-party","22":"tag-japanese-exports","23":"tag-liberal-democratic-party","24":"tag-sanae-takaichi","25":"tag-us-tariffs","26":"tag-yen"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/161538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=161538"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/161538\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/161539"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=161538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=161538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=161538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}