Overview
- Finance Minister Satsuki Katayama said the package exceeds ¥17 trillion (about $110 billion) following consultations with Prime Minister Sanae Takaichi.
- Cabinet approval is scheduled for November 21 during the extraordinary Diet session, setting up rapid enactment once lawmakers vote.
- Government sources say winter electricity and gas subsidies of roughly ¥6,000 per household are planned for January to March, with design details still being finalized.
- The measures combine cash support and tax relief, and reports indicate total household support could reach about ¥50,000 when factoring in fuel tax changes and income tax cuts.
- Targeted investment will prioritize AI and advanced semiconductors and includes a shipbuilding roadmap with around ¥1 trillion in public and private funding, while analysts expect yen pressure and potential flows to risk assets as the BOJ weighs a rate hike.