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The Land of the Rising Sun is following a familiar playbook - throwing freshly printed yen at economic woes. Tokyo just greenlit a massive 21.9T yen stimulus, promising handouts to low-income families and businesses. While positioned as economic relief, the move continues Japan's decades-long experiment with monetary expansion and artificial stimulus. The package focuses on direct payments of 30,000 yen to qualifying households, along with energy subsidies - effectively redistributing wealth while diluting the currency's purchasing power.
Source: AFP
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