Japan’s $135 Billion Stimulus: A Cautionary Tale of Reckless Spending and Economic Mismanagement

Japan recently approved an eye-popping 21.3 trillion yen ($135.4 billion) stimulus package under Prime Minister Sanae Takaichi, aiming to resuscitate an economy burdened by sluggish growth and rising inflation. While the proposal touts expansive government spending to stimulate GDP and shield consumers from higher prices, it also raises grave concerns about fiscal responsibility—concerns that resonate powerfully across the Pacific in America.When Debt Deepens Instead of HealingThe core dilemma Tokyo faces is one familiar to Washington: ballooning national debt. Japan’s debt stands at nearly three times the size of its economy, yet this stimulus package expands spending well beyond pre-pandemic levels....