Japan to Provide Stimulus for Low-Income Households

The Japanese government is reportedly set to give cash handouts of 100,000 yen ($774) to households that were recently turned low-income as part of a stimulus package that will be announced next week.

Prime Minister Fumio Kishida’s administration will offer cash grants to households whose income levels have fallen to levels that exempt them from paying residential taxes just this month, the Yomiuri daily reported on Wednesday.

Households that were qualified in a similar payout last fiscal year would not qualify for the new one, the paper said, without citing sources.

The Yomiuri added that the government also plans to give out 50,000 yen per child in low-income families.

The stimulus would come from last fiscal year’s extra budget, according to the paper. 

The Japanese government is currently planning to tap reserves of up to 5.5 trillion yen to add more emergency relief this month.

© Fourth Estate® — All Rights Reserved.
This material may not be published, broadcast, rewritten or redistributed.