Another major economy flipping the liquidity switch back on

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Massive stimulus wave incoming.

TOKYO — The Japanese government approved a comprehensive economic package worth 21.3 trillion yen ($135 billion) at a cabinet meeting on Friday — the first major economic policy move under Prime Minister Sanae Takaichi, who advocates “responsible and proactive public finances.”

The government will allocate 11.7 trillion yen, including tax cuts, for measures to mitigate the impact of price hikes on households, while 7.2 trillion yen will be directed toward investments for growth in sectors such as semiconductors, artificial intelligence, and shipbuilding.

https://asia.nikkei.com/economy/japan-s-takaichi-cabinet-launches-135bn-economic-package