Japan Approves ¥18.3 Trillion Extra Budget to Counter Inflation

Government allocates funds in the general account to implement measures addressing the effects of rising prices across the country.

Summary

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Terms & Concepts
  • Extra Budget: An additional government spending plan enacted outside the regular annual budget to address urgent or unforeseen economic needs.
  • General Account: The primary fund in Japan’s national budget used for general government expenditures and programs.
  • Inflation: The rate at which the general level of prices for goods and services rises, eroding purchasing power.