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Japan Allocates $6.3 Billion Emergency Relief Package to Counter U.S. Tariff Impact
Japan Allocates $6.3 Billion Emergency Relief Package to Counter U.S. Tariff Impact
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Japan’s government has announced a 900 billion yen ($6.3 billion) emergency relief package to mitigate the economic fallout from U.S. tariffs. The funds, sourced from budget reserves and existing allocations, will target utility cost reductions and financial aid for small businesses. A decision on the package is expected by May 27.
This follows a broader April 25 economic stimulus plan designed to cushion sectors like automotive and steel—key industries vulnerable to trade tensions. The earlier package emphasized corporate financing support and consumption incentives, reflecting Tokyo’s proactive stance against external shocks.
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