Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

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Japan‘s cabinet approved an economic stimulus package worth 26 trillion yen ($239 billion) with fiscal spending of 13.2 trillion yen, aimed at preventing overseas risks from damaging both exports and domestic demand, government officials said.

The government said the new economic package would boost real domestic product by 1.4% through the fiscal year to March 2022.