経済｜経済対策案の規模が明らかに / Economy | The scale of the economic stimulus plan has been revealed.

Summary

The ongoing depreciation of the yen and the Bank of Japan’s monetary policy are having an impact, leading to growing concerns in the market about budget expansion.

The government is in the final stages of adjusting a comprehensive economic package, which is set to be approved in a cabinet meeting on the 21st. The plan aims for a total scale of approximately 42.8 trillion yen, including 21.3 trillion yen for tax reduction measures, such as raising the income tax “income threshold” and abolishing the temporary gasoline tax rate.

Dialogue

This dialogue is fictional and based on the article.

Log: I wonder what will happen with the recent economic measures?
Chako: Well, it’s kind of strange to have tax cuts when salaries aren’t going up!
Log: That’s true; if there’s a tax cut but no real increase in wages, it might not have much effect.
Navi: In reality, economic measures often have short-term impacts, and there’s debate about whether they actually promote long-term growth.
Chako: I see, so while they might help in the short term, they might not solve the fundamental issues!

Admin’s Note

The scale of the current economic measures has become clear, and I’m particularly focused on the emphasis on tax cuts. As Chako mentioned, I wonder if tax cuts are really effective when salaries aren’t increasing. Considering future economic growth, I believe we need to tackle the fundamental issues. I hope we can develop sustainable economic policies while learning from the successful examples of other countries.