Japan's government plans to spend 900 billion yen on emergency economic measures to counter the negative impacts of higher U.S. tariffs, marking the nation's first fiscal response to President Donald Trump's trade duties, sources close to the matter said Monday. The overall scale of the relief package is estimated to reach up to 2.8 trillion yen, including spending by local governments, in a bid to tackle a potential downturn in the broader economy, the sources added. In the run-up to a national parliamentary election this summer, the Cabinet, whose approval ratings have fallen to their lowest level since it was formed last October, is expected to endorse funding for the package as early as Tuesday, the sources said.
Published at: 2025-05-26 21:26:24
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