Japan passes $250B economic package meant to lift wages, spur growth

TOKYO, Japan: Japan's Cabinet approved a sweeping 39 trillion yen (US$250 billion) economic stimulus package this week.

The package is designed to bolster wages, spur economic growth, and address long-standing challenges in the world's fourth-largest economy.

The package, a cornerstone of Prime Minister Shigeru Ishiba's newly formed administration, includes measures to promote digital innovation, subsidi