Loading...
Market
What will be the primary impact of Japan's 2024 stimulus package by the end of 2025?
1
Resolution / Starting Odds
Inflation decreases significantly • 25%
Wage growth increases significantly • 25%
Consumer spending increases significantly • 25%
No significant change • 25%
Economic reports from the Bank of Japan and the Ministry of Finance
Story
Japan PM Ishiba Unveils 39 Trillion Yen Stimulus Package with Cash Handouts and Energy Subsidies
Nov 22, 2024, 12:11 AM
Japan's Prime Minister Shigeru Ishiba has unveiled an economic stimulus package worth approximately 21.9 trillion yen ($140 billion) in fiscal spending, aiming to address challenges including inflation, wage growth, and the cost-of-living crunch. The government expects the measures to have an overall impact of 39 trillion yen and has allocated 13.9 trillion yen in a supplementary budget. The package includes one-time payments of 30,000 yen to low-income households and plans to resume subsidies for electricity and gas bills from January to March. Additionally, the government intends to review the 1.03 million yen income tax threshold to encourage higher earnings. The stimulus package was approved by the cabinet on Friday and aims to boost consumer spending and stimulate economic growth.
View original story
Similar markets
GDP growth above 2% • 25%
GDP growth between 1% and 2% • 25%
GDP growth below 1% • 25%
GDP contraction • 25%
Increased by more than 1% • 25%
Increased by 0.5% to 1% • 25%
Increased by less than 0.5% • 25%
No increase or decrease • 25%
Economic Growth • 25%
Inflation Measures • 25%
Safety Measures • 25%
Other • 25%
Full agreement and implementation • 25%
Partial agreement with modifications • 25%
Stalemate with no agreement • 25%
Other outcomes • 25%
Yes • 50%
No • 50%
Increase subsidies • 25%
Introduce tax cuts • 25%
Increase taxes • 25%
Reduce public spending • 25%
Approval rating above 50% • 25%
Approval rating between 40% and 50% • 25%
Approval rating between 30% and 40% • 25%
Approval rating below 30% • 25%
Inflation control • 25%
Disaster recovery • 25%
Energy subsidies • 25%
Other • 25%
Above 1.5% • 25%
Between 1.0% and 1.5% • 25%
Between 0.5% and 1.0% • 25%
Below 0.5% • 25%
Below 1% • 25%
1% to 2% • 25%
2% to 3% • 25%
Above 3% • 25%
Below 1.0% • 25%
1.0% to 1.5% • 25%
1.5% to 2.0% • 25%
Above 2.0% • 25%