Japan’s ruling party considers campaign promise of cash stimulus plan as election nears

06.07.2021 - Korneychuk Evgeniya
Japan’s ruling party considers campaign promise of cash stimulus plan as election nears

Japan’s Liberal Democratic Party plans to dispense a cash payout of 100,000 yen ($901.55) to its low-income citizens in its bid to resolve the growing pandemic-driven social gap.

The party’s research council chief, Hakubun Shimomura, said one of the party’s campaign promises would be a government proposition to include cash payout in a new economic package.

Shimomura said non-regular workers and single-parent families would financially struggle in a pandemic without government assistance.

Finance Minister Taro Aso, however, voiced concern that uniform cash payouts would only lead to massive debt files for future generations.

Meanwhile, Economy Minister Yasutoshi Nishimura considers an extra spending plan saying the country still has coronavirus emergency reserves worth 4 trillion yen.

The election is scheduled later this year.

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