Prime Minister Fumio Kishida’s stronger-than-expected election victory smooths the path for a stimulus package that signals whether he’s a big spender or a budget balancer.
Cash handouts and a relaunch of domestic travel subsidies will be considered for inclusion when the package is put together in mid-November, Kishida said Monday. The prime minister has yet to put a figure on the amount of spending, but has said it will be trillions of yen.
The tricky part will be unraveling how much new money will actually be set aside to fund the spending, the key signal for how aggressive Kishida really is on fiscal support for the economy.