Is Kishida’s stimulus the cure Japan needs?

Japanese Prime Minister Fumio Kishida's new fiscal stimulus program, worth over 17 trillion yen, aims to overcome deflation and bolster the struggling economy amid high inflation, but according to Prof. Dr. Gunther Schnabl it may only provide short-term relief and increase government debt. With changing global monetary environments, including high interest rates from foreign central banks, Kishida faces delicate decisions between tightening money supply to strengthen the Japanese yen and contain inflation, or buying more government bonds, potentially accelerating both inflation and yen depreciation.