Prime Minister Shigeru Ishiba has promised to revitalise depressed rural regions and to address the “quiet emergency” of Japan’s shrinking population, the world’s second-oldest

Japan will lean heavily on extra tax revenue in a ¥13.9 trillion ($92 billion) additional budget to finance Prime Minister Shigeru Ishiba’s stimulus package, according to state broadcaster NHK.

Japan's unpopular minority government approved on Friday an extra budget to help pay for a massive stimulus package after the ruling coalition's worst election result in 15 years.The extra budget approved by the cabinet is worth 13.

Japan's government finalised a $92 billion supplementary budget on Friday to shield households from rising living costs, which may underpin consumption but also worsen its already strained public finances.