Japanese Prime Minister Fumio Kishida pledged wide-ranging cash handouts in a stimulus package that is expected to roll out by the end of next week.
“Pandemic response will remain our top priority,” Kishida said during a news conference on Wednesday. “A comprehensive plan will be drawn up and announced to the public by the end of the week.”
Kishida introduced a policy package worth “several tens of trillion yen” that will provide financial assistance to students and low-income workers, along with government support to boost hospital and vaccine capacity.
Low-income households, along with struggling students, are set to receive 100,000 yen ($884) in cash handouts, Kishida announced.
Households with children will also receive 100,000 yen for each child below 18 years of age, except for those with annual income of more than 9.6 million yen ($84,000).
Kishida added that industries largely affected by the surge in fuel prices such as agriculture and fisheries will also receive support from the government.
Kishida laid out his economic policy plans after being reelected on Wednesday, emphasizing a focus on increased funding for scientific research and investment on human capital.
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