Japan passes $250B economic package meant to lift wages and spur growth ...Middle East

TOKYO (AP) — Japan approved a 39 trillion yen ($250 billion) economic stimulus package Friday centered around initiatives it said were aimed at boosting individual incomes. The broad plan passed by the Cabinet is the centerpiece of Prime Minister Shigeru Ishiba’s recently installed administration. It provides support for digital innovation in the world’s fourth largest economy, subsidies to defray for rising energy costs and help for low-income households. The plan is designed to instill a sense of “well being” in the Japanese people, the government said, using the English phrase. Although Japan has managed weak growth in recent quarters, the long-term outlook for the economy and for the c

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