The Japanese government has approved a €136 billion stimulus plan to bolster consumer purchasing power and stimulate sluggish growth in response to rising inflation. The plan, proposed by Prime Minister Shigeru Ishiba, includes financial support for low-income households, energy subsidies, and assistance for small businesses. With inflation reaching 2.3% in October and a significant increase in rice prices, the government aims to ensure that wage growth outpaces inflation. This plan, pending parliamentary approval, also signals a shift toward boosting public spending.

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