Japan Unveils $129 Billion Package to Counter Rising Living Costs

The Japanese government has announced a new economic support package worth over $129 billion. This major initiative aims to help households manage the increasing financial pressure from rising prices. The comprehensive package will include temporary income tax cuts. It also provides direct subsidies to offset high electricity and gas bills. Officials stated the measures are a direct response to the global rise in living costs. The government hopes the funding will stabilize household budgets and support the national economy.