Kouryu Kyoju

Main Menu

  • Home
  • Japan institute
  • Japanese foundation
  • Japan government
  • Japan company
  • Japanese currency

Kouryu Kyoju

Header Banner

Kouryu Kyoju

  • Home
  • Japan institute
  • Japanese foundation
  • Japan government
  • Japan company
  • Japanese currency
Japan government
Home›Japan government›Japanese government officials debate new cash payments to help poor cope with pandemic: sources

Japanese government officials debate new cash payments to help poor cope with pandemic: sources

By Jane R. Chase
March 1, 2021
0
0


FILE PHOTO: Women walk past a restaurant in a shopping district in Tokyo amid the coronavirus disease (COVID-19) outbreak, Japan August 17, 2020. REUTERS / Kim Kyung-Hoon / File Photo

By Yoshifumi Takemoto

TOKYO (Reuters) – JapanThese government and ruling party officials are discussing possible additional cash payments to low-income households to help them cope with the coronavirus pandemic, two sources with direct knowledge of the matter told Reuters on Monday.

The potential payout amount has not been set, but government spending is likely to be much lower than a previous package that offered cash distributions of 100,000 yen ($ 940) to all citizens, the citizens said. sources, who were not authorized to speak to the media. and spoke on condition of anonymity.

Previous cash payments cost the government 12.9 trillion yen ($ 120 billion), funded by deficit coverage bonds.

The talks come after some ruling party lawmakers worried about job losses and suicides demanded 100,000 yen cash payments for the poor. They also recommended increased support for childcare and the provision of rice and other staples.

Chief Cabinet Secretary Katsunobu Kato said the government was not considering offering further cash distributions to those in need, as various support measures, including for employment and housing, were already available.

The government and the ruling bloc aim to compile new economic measures once the budget for the next fiscal year is approved by parliament, the sources said.

Finance Minister Taro Aso has so far resisted the new spending, arguing that the government’s immediate goal is to enact the budget and that emergency reserves could be used as needed.

Japan has the heaviest public debt burden in the industrial world, and tax hawks are wary of cash payments, which could turn into savings rather than being spent to stimulate the economy.

($ 1 = 106.6000 yen)

(Reporting by Yoshifumi Takemoto; writing by Tetsushi Kajimoto; editing by Edwina Gibbs and Kenneth Maxwell)


Related posts:

  1. Japanese government supports optional four-day work weeks
  2. Experts divided as Japanese government backs four-day workweek
  3. Japanese government advisers warn birth rate drops at a faster pace this year
  4. New variant of coronavirus found in travelers from Brazil: Japanese government

Categories

  • Japan company
  • Japan government
  • Japan institute
  • Japanese currency
  • Japanese foundation

Recent Posts

  • Presentation of the clinics of the Real Madrid Foundation in Japan
  • Champagne Market 2022 Market Size, Share, Growth, Supply & Demand, Company Profiles, Trends, Type & Application, Key Locations Industry Assessment, Cost & Profit | Moet & Chandon, Nicolas Feuillatte
  • The MetLife Foundation allocates new funds to creatives in diverse communities
  • Ghana Baseball signs partnership with Japan-Africa Baseball and Softball Foundation
  • Concert Ukulele Market Analysis by Trends, Size, Share, Company Overview, Growth and Forecast to 2031 – Queen Anne and Mangolia News

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • September 2019
  • June 2019
  • May 2019
  • April 2019
  • February 2019
  • December 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • January 2018
  • May 2017
  • April 2017
  • February 2017
  • December 2016
  • September 2016
  • August 2016
  • April 2016
  • March 2016
  • November 2015
  • August 2015
  • January 2015
  • April 2014
  • October 2012
  • April 2011
  • March 2011
  • November 2010
  • September 2009
  • Privacy Policy
  • Terms and Conditions