Japan's Massive Stimulus Amid Bitcoin's Dip

Japans new Prime Minister, Sanae Takaichi, has approved a massive economic stimulus package worth $135.4 billion, aiming to boost the economy and alleviate inflation burden. This is the largest fiscal injection since the pandemic, including $177 billion in general account outlays and $2.7 billion in tax cuts. Interestingly, Bitcoin, often seen as an inflation hedge, has seen a slight dip, extending a recent sell-off.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.