Japan mulls economic package of around ¥17 tril

Over 1 trillion yen will be used to give 70,000 yen each to low-income households exempt from paying income and resident taxes.

That’s Japan’s hidden poverty no one talks about. There’s a lot of people that wouldn’t be able to survive if they had to pay taxes.

That’s 1 trillion yen giveaway money that will not change their economic position in any way.

that'll be nice.... i can use nana-man.

These one-off band-aids don't do much. Japan needs structural changes, like higher minimum wages and labor unions that are willing to fight hard for higher wages and better working conditions, like the US auto worker unions do.

Just cut taxes and stop giving away our money. Many, people are on the poverty line because of over-taxation.

Remove consumption tax on basic food stuffs, medicine and baby goods.

It’s not rocket science.

Raise the interest rates, bring the value of the yen back up and that will reduce the prices of imports.

give 70,000 yen each to low-income households exempt from paying income and resident taxes.

Excellent. Will pay for one night at my next adventure in two weeks for five days.

Is the ¥70,000 per person? I hope so.

And this is why the yen continues to weaken. The govt keeps printing that money as if it’s the only way to solve problems.