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Japan PM announces $113 billion economic stimulus

21 Sept 04:38 Key points summarised by AI

Japanese Prime Minister Fumio Kishida announced a $113 billion (17 trillion yen) economic stimulus package to combat inflation and bolster the economy.
Key measures include income and residential tax reductions of 40,000 yen per person, 70,000 yen cash handouts for low-income households, and extended fuel subsidies.
The package also allocates funds to promote investments in high-tech areas like the chip and space industries, aiming to strengthen corporate supply capacity and earning power.
This stimulus seeks to alleviate voter pressure from rising prices and a weakening yen, despite adding to Japan's already substantial national debt.

Yesterday 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.