Japan planning $87 billion extra budget to fund stimulus package, paper says

TOKYO (Reuters) – 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, the Sankei newspaper reported late on Wednesday.

Under the plan, the government would provide 30,000 yen ($193) to low-income households that are exempt from paying residential taxes, and 20,000 yen per child for households with families, the paper said.

It is also considering restarting subsidies for electricity and gas prices from January to respond to high fuel costs, media reports have said.

Prime Minister Shigeru Ishiba is looking to finalise the stimulus package on Nov. 22, the Sankei said.

($1 = 155.3700 yen)

This post is originally published on INVESTING.

  • Related Posts

    Goldman sees upside risks for Brent near term

    Investing.com – Brent crude prices have retreated to the low-to-mid $70s a barrel, which reflects market confidence in a large 2025 surplus, according to Goldman Sachs, but the influential investment…

    US Treasury investigates JPMorgan’s client ties to Iranian figure – Bloomberg

    The US Treasury Department is currently investigating JPMorgan Chase & Co. (NYSE:JPM) for its business dealings with Ocean Leonid Investments Ltd., a hedge fund linked to Iranian oil trader Hossein…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Goldman sees upside risks for Brent near term

    • November 22, 2024
    Goldman sees upside risks for Brent near term

    US Treasury investigates JPMorgan’s client ties to Iranian figure – Bloomberg

    • November 22, 2024
    US Treasury investigates JPMorgan’s client ties to Iranian figure – Bloomberg

    XAUUSD: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24

    • November 22, 2024
    XAUUSD: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24

    Saxo and novobanco Collaborate to Drive Digital Investment Access in Portugal

    • November 22, 2024
    Saxo and novobanco Collaborate to Drive Digital Investment Access in Portugal

    COP29 climate summit draft proposes rich countries pay $250 billion per year

    • November 22, 2024
    COP29 climate summit draft proposes rich countries pay $250 billion per year

    WTI Crude Oil: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24

    • November 22, 2024
    WTI Crude Oil: Elliott Wave Analysis and Forecast for 22.11.24 – 29.11.24