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

    JPMorgan’s quants see upside for gold prices from here after Trump win

    Investing.com —Β Following Donald Trump’s recent election victory, JPMorgan’s quantitative analysts anticipate potential upside for gold prices, with positive flows into gold ETFs and futures signaling sustained demand. JPMorgan said in…

    Nigeria plans $28 billion spending for 2025 budget, minister says

    This post is originally published on INVESTING.

    Leave a Reply

    Your email address will not be published.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

    You Missed

    CySEC Flags Multiple Unregistered Websites, With Bybit and VTMarkets Named

    • November 14, 2024
    CySEC Flags Multiple Unregistered Websites, With Bybit and VTMarkets Named

    JPMorgan’s quants see upside for gold prices from here after Trump win

    • November 14, 2024
    JPMorgan’s quants see upside for gold prices from here after Trump win

    Nigeria plans $28 billion spending for 2025 budget, minister says

    • November 14, 2024
    Nigeria plans $28 billion spending for 2025 budget, minister says

    Gold prices fall on inflation worries; copper slips lower

    • November 14, 2024
    Gold prices fall on inflation worries; copper slips lower

    Master the Market with Hedge Fund Forex Strategies

    • November 14, 2024
    Master the Market with Hedge Fund Forex Strategies

    Mexico’s Sheinbaum to present constitutional safeguard for non-GMO corn in coming days

    • November 14, 2024
    Mexico’s Sheinbaum to present constitutional safeguard for non-GMO corn in coming days