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Japan Lines Up ¥17 Trillion-Plus Stimulus to Ease Winter Costs and Back Key Industries

The government targets swift Cabinet approval this week, moving to fund the plan through a supplementary budget in the current extraordinary Diet.

Overview

  • The package under Prime Minister Sanae Takaichi is expected to exceed ¥17 trillion, with roughly ¥14 trillion from the general account, according to government and party sources.
  • Households are slated to receive around ¥6,000 in total subsidies for electricity and gas used from January to March, with larger support in the colder months.
  • Total relief is likely to reach about ¥50,000 per household when combined with abolishing provisional fuel tax surcharges and planned income tax cuts.
  • Local priority grants will be expanded to reduce burdens by about ¥10,000 per household, such as through food assistance measures like rice coupons.
  • Strategic outlays include a ¥1 trillion public‑private push to revitalize shipbuilding and support for scaling advanced semiconductor production alongside related infrastructure.