Japan's Ishiba Secures Support for Stimulus Package

Following Japan's recent snap election, Prime Minister Shigeru Ishiba leads a minority government after the ruling Liberal Democratic Party (LDP) lost its majority. In a critical move, Ishiba's administration secured backing from the opposition Democratic Party for the People (DPP) for an economic stimulus package aimed at alleviating public dissatisfaction over rising prices. The agreement includes raising the tax-free income threshold from 1.03 million yen to boost disposable incomes, especially for part-time workers. Ishiba's coalition, which also includes Komeito, faces the challenge of negotiating support on a bill-by-bill basis due to its lack of a majority. The stimulus package is expected to be finalized and approved by the Cabinet soon, reflecting a shift in political dynamics in Japan. Ishiba's government continues to face scrutiny over its economic policies and preparations for potential military actions, particularly concerning China.