3.1 trillion yen spent, a Middle East war causes the whole world to pay the price, bond investors are going to have trouble sleeping again

Crypto World News: Japan's Cabinet Approves Supplementary Budget to Support Measures Alleviating Inflation Impact from Middle East Turmoil; This Moves Reignite Focus on the Country's Fiscal Policy Among Bond Investors. The Japanese Cabinet Approves a 3.1 Trillion Yen (Approximately $31k) Economic Stimulus Plan, Including a Newly Established 2.5 Trillion Yen Reserve Fund to Address Rising Commodity Prices Through Subsidies. Although the government has not specified the exact use of the fund, it is expected to be initially used to control gasoline prices. The Japanese Cabinet also approved a funding plan for the entire package, which will involve additional debt financing. The plan indicates that despite the need for extra borrowing, the government is still expected to maintain the total bond issuance volume on an annual basis, as some debt approved in the previous fiscal year's budget will be canceled.