TOKYO — The Japanese government is making arrangements to compile a supplementary budget of about 13.5 trillion yen ($87 billion) to fund a stimulus package to help low-income households and offset rising prices, media reported.
TOKYO — The Japan ese government is making arrangements to compile a supplementary budget of about 13.5 trillion yen to fund a stimulus package to help low-income households and offset rising prices, media reported.Under the plan, the government would provide 30,000 yen to low-income households that are exempt from residential taxes and 20,000 yen per child for households with families, the Sankei newspaper reported late on Wednesday.
The subsidies were discontinued late last month.Tokyo is considering gradually phasing out separate subsidies for gasoline fuels, which were originally scheduled to end in December, the sources said.The government has spent 11 trillion yen over three years to help alleviate the impact of rising utility costs and gasoline prices on households.Prime Minister Shigeru Ishiba is looking to finalize the stimulus package on Nov. 22, according to the sources.
Planning $87B For Stimulus Package
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