Japanese government to give 100,000 yen to children to fight economic downturn
Japan faces economic contraction amid COVID-19 Aim for a stimulus of 100,000 yen per person.
Japan's Kyodo news agency, citing a source
close to the issue, said: The Japanese government is considering giving 100,000 yen to children under 18 to address the severe contraction in household spending.
The measure is expected to cost a total budget of 2 trillion yen.
If the consideration is in order The money will join Prime Minister Fumio Kishida, the latest round of tens of trillions of stimulus measures due mid-month.
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Japanese government data released on Friday. This shows that the number of Japanese households' spending in September last year decreased by 1.9 percent compared to the same period last year. After falling 3.0% in August It's still better than the 3.9 percent drop in the Reuters poll.
The Yomiuri newspaper reported that the Japanese government is considering giving cash to low-income households and temporary workers.