politics

Ruling party seeks ¥100 trillion stimulus to battle coronavirus

24 Comments
By Tetsushi Kajimoto and Daniel Leussink

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© Thomson Reuters 2020.

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24 Comments
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Taxed through the teeth in Japan, but never see anything for it.

You are obviously supremely healthy and young then, because the majority of the money is spent on the elderly in retirement and the ill.

-1 ( +1 / -2 )

First of all, please order to close the Pachinko parlors where the cluster will be the next place to Japan increases infected people. The gamblers don't think about health, more than than money they've spent to get more...and lose. Who will get profit to make more people sick, the gamblers, no! And I wonder who are the people who will be affected to meet those addicted guys, somewhere.

Hope the money is going to the people who want to help medical personnel fighting every moment to decrease this epidemic virus, specially the hospitals and anti-virus or vaccines laboratories (universities and companies) + the people who are working hard to make more masks and hygiene products. They can't be volunteers.

1 ( +1 / -0 )

25% consumption tax and reduce big company tax to 10%, print money and flood the country with ¥475 per hour foreign "intern trainee" worker will do the trick.

0 ( +3 / -3 )

The American package is a bailout. The Japanese package is a stimulus.

-1 ( +1 / -2 )

"Chabbawanga",

most of us will probably not see a single Yen.

And if, the first plan was something like Yen 12.000 per person.

What's Yen 12.000? Won't cover the rent people have to pay, good for some minor shopping only.

So the ones that will "gt it made" are those who have the $$$ (sorry, Yen) already.

What a farce. Wonder whether Abe, Aso and all the others trying to govern Japan would be willing to give up some of their money. Now that would be something, setting an example!

6 ( +6 / -0 )

Show us the money! Where does all this tax money go? Taxed through the teeth in Japan, but never see anything for it.

7 ( +7 / -0 )

quick to hike taxes, slow to help people when they need. 

Serious? It took them almost a decade to hike the consumption tax to 10% after initially agreeing on it.

And now they are talking about spraying 20 trillion yen extra just like that, because the U.S. did it first.

I think you've got it 100% backwards.

And I think Japan's government has a horrid, horrid budget deficit. They should have been saving money in the stable times, rather than spending 40 trillion more than revenues. And now they want to spend an extra 20 trillion, while corporate and income tax revenues are bound to fall significantly.

2 ( +5 / -3 )

Yet again Japanese Govt is throwing money at a situation in order to try to solve a problem. The root cause is a nasty ruthless virus that doesn’t care about money and it’s a medical and social issue as well. It’s not just about money... that helps but will solve nothing. You need to do your part to stop this thing spreading..

1 ( +3 / -2 )

I paid my tax almost ¥200,000x2 with my wife a year without delay, a pain in my pocket because im a factory slave but I have no choice

5 ( +5 / -0 )

$926,700,000,000 on convertion

1 ( +3 / -2 )

¥100 trillion is about $900 billion.

Australian dollars?

1 ( +2 / -1 )

So the government has loads of cash now? Then why did they cut funding to special needs training, raise taxes, say the pension system is failing when the whole time they were hoarding extra money? Someone needs to get my understanding because I'm thinking it's regrettable.

5 ( +6 / -1 )

¥100 trillion is about $900 billion.

-1 ( +1 / -2 )

While many lawmakers sought cuts in the national sales tax that went up to 10% last October, Kishida said that would be hard, citing the difficulty of returning the tax to the current level once it had been cut

Yeah no way they'd do that. If they did, the plebs would demand for lowering it even more hence the 'its difficult' line.

The size of the measures would reach 16-17% in terms of Japan's GDP, bringing it on a par with U.S. measures totaling $2.2 trillion

Copying merica? Why am I not surprised? Why not go two trillion better?

3 ( +3 / -0 )

Any chance of some masks in that package?

Haven't been able to buy them in over two months in East Osaka.

3 ( +5 / -2 )

stimulus worth a total of 100 trillion yen

Most of that will be wasted and will balloon the national debt.

10 ( +10 / -0 )

Please give it to the people and NOT construction / rebuilding projects or big businesses like Toyota!!

9 ( +9 / -0 )

The bolder the moves to prop up business, the sharper the contrast becomes with their weak and timid moves to stop the virus itself.

4 ( +4 / -0 )

Let’s just say that I have so much faith in the system that I have stocked up on blue sheets and have found a nice spot alone the river near my home. The first two words of the article title says it all.

3 ( +3 / -0 )

There is no way we are going to see the kind of cash payouts that the US, Canada and other countries have promised their citizens. We will be lucky to get some shopping coupons and a discount to use JR in the future!

10 ( +10 / -0 )

The package of steps will include arrangements allowing small and mid-sized companies to borrow at zero interest from private financial institutions. It will also provide cash payouts to households and small firms that need it the most.

How about virus test kits, masks or alcohol spray?

2 ( +5 / -3 )

Pretty vague on who gets the money and how much. States has clearly indicated how the stimulus package would be spent. Can’t stop thinking that politicians will get a cut.

10 ( +10 / -0 )

Short on details.

9 ( +10 / -1 )

quick to hike taxes, slow to help people when they need. Thanks Japanese politicians

10 ( +12 / -2 )

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