Fri Nov 21 08:12:00 UTC 2025: Okay, here’s a news article summarizing the provided text, suitable for a publication like “The Hindu”:

Japanese PM Unveils Massive Economic Stimulus Package Amid Fiscal Concerns

Tokyo – Prime Minister Sanae Takaichi’s cabinet on Friday approved a substantial ¥21.3 trillion ($135.40 billion) economic stimulus package, signaling a major shift towards expansionary fiscal policies under the new leadership. The initiative, representing the largest stimulus since the COVID-19 pandemic, aims to bolster the Japanese economy through ¥17.7 trillion in general account outlays and ¥2.7 trillion in tax cuts.

The move comes at a time of growing anxiety over Japan’s fiscal stability. The substantial spending plan has already impacted financial markets, pushing the Japanese currency to a 10-month low and government bond yields to unprecedented highs.

Addressing reporters, Prime Minister Takaichi defended the package, emphasizing its consideration of fiscal sustainability. “As for funding, we will utilise higher-than-expected tax revenues and non-tax income, but any remaining shortfall will be covered by issuing additional government bonds,” she stated. Despite the reliance on bonds, Takaichi assured that the total government bond issuance for the financial year, including the supplementary budget, is projected to be lower than the previous year’s post-supplementary total.

Sources indicate that the additional government bond issuance required to finance the stimulus will exceed the ¥6.69 trillion issued for last year’s stimulus. The cabinet aims to secure parliamentary approval for a supplementary budget by the end of the year, with a vote planned as early as November 28th.

The stimulus package marks the first major policy initiative under Prime Minister Takaichi, setting the stage for a potentially transformative, yet financially challenging, period for the Japanese economy.

Summary of Text:

The article reports on Japanese Prime Minister Sanae Takaichi’s approval of a ¥21.3 trillion economic stimulus package. The package, the largest since the COVID pandemic, involves significant government spending and tax cuts. Funding will come from tax revenues, non-tax income, and the issuance of additional government bonds. This has raised concerns about Japan’s fiscal position, impacting the yen and bond yields. The government intends to approve a supplementary budget to implement the package, seeking parliamentary approval by the end of the year.

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