The Japanese government has revealed plans for an emergency economic aid package to address the negative impacts of U.S. Tariffs on sectors like steel and autos. The initiative includes a gasoline subsidy of 10 yen per liter and support for corporate financing.
IMF’s Victor Gaspar cautioned that Japan’s debt levels could worsen significantly in the event of an economic shock, exceeding previous declines seen during the pandemic. He stressed the importance of fiscal consolidation to mitigate future risks.
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