By signaling with subsidies and payouts, Prime Minister Fumio Kishida is stressing his government’s resolve to pull the economy permanently out of stagnation.
On October 7, 2023, the fundamentalist Islamist organization Hamas committed an unprecedented terrorist attack against Israel on Yom Kippur, October 7, 2023, killing over 1,400 Israelis.
The U.S. budget deficit increased 23 percent to $1.7 trillion, an increase of $320 billion, in the year after the Biden administration pushed through the Inflation Reduction Act which it claimed would close the government’s funding gap.