The risk of economies overheating in the wake of aggressive government spending to combat the coronavirus pandemic may be causing mounting concern in the US and Europe, but Japan is wrestling with the opposite problem.
Asia’s largest advanced economy has already spent ¥88tn ($770bn) in fiscal stimulus, or nearly 17 per cent of gross domestic product, since the start of the Covid-19 outbreak in 2020.
But just as many parts of the world recover and weigh options to unwind their stimulus measures amid rising inflation fears, Prime Minister Fumio Kishida is preparing a direct cash distribution of ¥100,000 ($872) to households with children younger than 18 as part of a huge economic package to be unveiled on Friday.
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