Japan will spend a record 55.7 trillion yen on an economic stimulus package aimed at easing the impact from the coronavirus pandemic, government sources said Thursday.
Including private sector funds, the package, to be approved by the Cabinet on Friday, will be worth 78.9 trillion yen, the sources said. The package has turned out to be larger than expected as the government of Prime Minister Fumio Kishida will increase support for households and companies in an attempt to meet his goal of redistributing wealth.
The key measures in the package include handouts of 100,000 yen in cash and vouchers for children aged 18 or younger, wage hikes for nurses and care workers, and financial aid of up to 2.5 million yen each for smaller companies reeling from the pandemic. To fund the package, the government aims to pass a supplementary budget in an extraordinary parliamentary session to be convened by the year-end.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan envoy pulls out of US news conference over islet dispute with S. Korea – embassyJapan’s vice foreign minister pulled out of a planned news conference with his South Korean and U.S. counterparts in Washington on Wednesday over a territorial dispute between the two U.S. allies, a Japanese Embassy spokesperson said.
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Duterte, new Japanese PM Kishida affirm strong PH-Japan tiesPresident Rodrigo Duterte and Japanese Prime Minister Fumio Kishida affirmed the strong ties between the two countries, as Japan and the Philippines celebrate 65 years of normalized diplomatic relations this year.
Source: ABSCBNNews - 🏆 5. / 83 Read more »
Duterte, new Japanese PM Kishida affirm strong PH-Japan tiesPresident Rodrigo Duterte and Japanese Prime Minister Fumio Kishida affirmed the strong ties between the two countries, as Japan and the Philippines celebrate 65 years of normalized diplomatic relations this year.
Source: ANCALERTS - 🏆 26. / 50 Read more »
PH, Japan eye foreign, defense ministers meetingPresident Rodrigo Duterte and Japanese Prime Minister Kishida Fumio expressed their desire for 'deeper security engagement and coordination' by considering a Foreign and Defense Ministerial Meeting or 2+2.
Source: CNN Philippines - 🏆 13. / 63 Read more »
PH-Japan ties reach 'golden age' under Duterte admin, says KishidaBilateral relations between the Philippines and Japan reached its “golden age” under the Duterte administration. Tuta ng Japan awit! 😂 Napaghahalata ka MB...🙄
Source: manilabulletin - 🏆 25. / 51 Read more »
Japan mulls accepting more foreigners indefinitelyJapan is looking to allow foreigners in certain blue-collar jobs to stay indefinitely starting as early as the 2022 fiscal year.
Source: ANCALERTS - 🏆 26. / 50 Read more »