Japan launches $250 billion stimulus plan to boost work and spending

Japan's new Prime Minister Shigeru Ishiba has launched a $250 billion economic stimulus plan to support households facing rising prices. A key feature is raising the income tax threshold from $6,640 to $11,500, aiming to encourage more people to work. The plan includes cash handouts, energy subsidies, and support for the AI and semiconductor sectors. It is part of Ishiba's first major initiative since taking office in October, amid concerns about Japan's high public debt and the need for fiscal discipline. The proposal has sparked debate within the ruling coalition, particularly regarding its potential impact on tax revenue and inflation. Analysts note that while the stimulus appears large, actual fiscal expansion may be smaller than expected.