LDP executive says extra budget may be needed to combat COVID-19 pain

Good Job. PM Suga. Taking care of the Japanese people.

@HimariYamada,

Suga and the LDP don't give 2 figs about the Japanese people.

All of the stimuli goes to huge Japanese companies and LDP cronies with little to know chance of the rank and file benefiting from the trickle down effect.

While the West has given its people regular stimulus checks or furloughed its workers on 80% of regular salary the LDP has just given a ONE off payment of ¥200,000 to its electorate.

Way to go,indeed.

They need an extra budget so they can have more dinners, buy more women..but they need to travel so they don't get caught! That is really where the money goes!

Every person with residency should be given ¥1,000,000 in coupons.

If there's any shortage of funds, we'd like to always respond aggressively....

Very good, I can’t wait to see that maximum aggression....lol

respond aggressively including by compiling a supplementary budget," Toshihiro Nikai

...says the 82-year-old who will be retired when the full effects of the money printing continue to impoverish the people he is supposed to represent. Not that this lifelong and multigenerational politician understands the people.

So this mean that the almighty LDP will ask more money from us which are already getting poorer,but it’s okay.

They can keep doing their party because they are special.

the burrowing, debt has to be serviced.

borrowing

This government, or for that matter, previous/past Governments never had the tax revenue to service the long term debt liability.

Toshihiro Nikai, the ruling Liberal Democratic Party's Secretary General

He should change his name to 地下二階

Japan obviously needs a couple more doses of supplementary budgets just to keep its economy alive. Increased government spending eventually turns into increased income in the private sector. And it’ll all be financed by issuing government bonds. Not a penny of your tax money will be used.

Why???

No problem at all finding the money to shovel in the direction of wealthy owners of overpriced izakayas and bars. For the ever increasing numbers on the margins, eking out a subsistence existence, SFA.

@expat

"... before the bill finally comes due." 

Really? A bill will "come due"? Please explain how this works.

Increased government spending eventually turns into increased income in the private sector. And it’ll all be financed by issuing government bonds. Not a penny of your tax money will be used.

Ah, nice that someone on this board has some knowledge, although I'd point out that around half those bonds will end up being owned by the public sector anyway, where they wont be financing anything.

The Money is given on the left hand, and taken away on the right with ... interest.