Japan Adds $113 Billion (4.7% of GDP) of Spending in Current Year To Fight Inflation Effect - Potential For Broad Market Impact
jensendavid.substack.com
Yes, you read that right. The Japanese government announced today it is adding supplemental spending of 4.7% of Japan’s GDP to 2023’s expenditures in order to “cushion” inflation effects. With price inflation currently running at 3%, but Japan’s economy projected to contract in Q3 2023, the Japanese government is facing a stagflationary environment.
Japan Adds $113 Billion (4.7% of GDP) of Spending in Current Year To Fight Inflation Effect - Potential For Broad Market Impact
Japan Adds $113 Billion (4.7% of GDP) of…
Japan Adds $113 Billion (4.7% of GDP) of Spending in Current Year To Fight Inflation Effect - Potential For Broad Market Impact
Yes, you read that right. The Japanese government announced today it is adding supplemental spending of 4.7% of Japan’s GDP to 2023’s expenditures in order to “cushion” inflation effects. With price inflation currently running at 3%, but Japan’s economy projected to contract in Q3 2023, the Japanese government is facing a stagflationary environment.