Japan approved a $200 billion economic package to ease the household burden due to inflation

In Japan, inflation is rising along with globally surging prices and the weakening of the yen against the dollar has amplified costs for imports.
Japan is using fiscal measures, or government spending, to counter current economic challenges which are keeping the country's inflation moderate at 3% but the greater fear is that the economy will stall, not overheat.
The overall size of the package with private-sector funding and fiscal measures is expected to reach 71.6 trillion yen ($490 trillion).
The plan contains 45,000 yen ($300) subsidies for household electricity and gas bills and coupons worth 100,000 yen ($680) for women who are pregnant or raising babies.
The package will need to issue more government bonds, further weakening Japan’s national debt as the country's long-term debt exceeds 1.2 quadrillion yen ($8.2 trillion).

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