Tokyo: Japan’s newly formed coalition government led by Prime Minister Sanae Takaichi is preparing a massive economic stimulus plan, signalling a new direction for the country’s policy strategy and marking a departure from the era of Abenomics.

According to government sources, the spending package could exceed last year’s 13.9 trillion yen plan. The proposal is expected to include tax cuts for households, subsidies to ease rising energy costs, and reductions in gasoline taxes to cushion the impact of inflation on consumers.

However, despite the size of the package, analysts note that the new government’s approach differs sharply from the Abenomics model that relied on aggressive monetary easing and deficit-financed stimulus. Instead, Takaichi’s administration appears focused on suppo

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