Prime Minister of Japan, Fumio Kishida, unveiled a record-breaking stimulus package which approximately equals to 56 trillion Japanese yen. Japanese government will also compile an extra budget by the end of 2021, to fund the stimulus programme in order to deliver necessary aid to the public.
Japan PM unveils $490bn stimulus package
The plan comprises of 100,000-yen payments for people aged 18 years or younger. It also includes aid for ailing businesses, Kishida and other politicians. The package also comprises of enough content and scale for delivering a sense of security and hope to the people. This stimulus bucks a global trend in withdrawing crisis-mode stimulus measures. It also places further strain on Japan’s already tattered finances.
