politics

Suga signals readiness for new stimulus package

21 Comments
By Yoshifumi Takemoto and Daniel Leussink

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© Thomson Reuters 2020.

©2021 GPlusMedia Inc.

21 Comments
Login to comment

"....which would strain Japan's already tattered finances."

What is the evidence that Japan's finances are "tattered."? Rocketing interest rates? Nope. Rocketing inflation? Collapsing yen? Nope, nope, nope.

Argentina and Greece have had "tattered finances." Japan clearly has not.

1 ( +2 / -1 )

readiness for new stimulus package

Just add more debt to the existing one, what happened to current budget already taken by GoTo travel?

4 ( +5 / -1 )

What, more masks and Go To coupons?

5 ( +7 / -2 )

Another 100,000 yen please.

6 ( +7 / -1 )

More Buisness subsidies? Increased debt, higher taxes. Sounds like a plan.

2 ( +3 / -1 )

Good relationship with China is better than 1000 stimulus.

-7 ( +2 / -9 )

What, more masks and Go To coupons?

Sorry the break the bad news...it translates to massive gifts of taxpayer money to amukurari linked big companies and no bonuses for staff.

6 ( +6 / -0 )

Reality check

It's a Pandemic going on worldwide, the worst in over 100 years.

Forced shutdowns are happening again in multiple countries.

Death toll worldwide is in the million and not stopping.

Suicide rates are at an all time high.

Birth rates are declining.

-If we don't help our citizens now, then when?? When is it a good time to do it??

Rediculous! Shows how little some care!

-1 ( +2 / -3 )

Help the unemployed

3 ( +3 / -0 )

LDP,s regular as clockwork pork barelling ...any excuse to dish out taxpayer dough to the cronies and vested interests ( with pehaps a few crumbs for the average peasant ). Election coming next year, yoroshiku.

5 ( +5 / -0 )

No mention of who will get the money. More corporate welfare for LDP supporters?

1 ( +1 / -0 )

vanityofvanities

Another 100,000 yen please.

I like the way you think and I agree!

2 ( +2 / -0 )

The receipt of your ¥100,000 support is immediately followed by the issue of your resident tax bill - works out as just an interdepartmental transfer of money in the J-Gov.

0 ( +0 / -0 )

Make it ¥200,000 what the hell might as well make it double. Not like the decision makers care or will be around to sort out the debt. Double down I say.

1 ( +1 / -0 )

Still with this 80es policies,when will these outdated J-politicians time travel to present days?

1 ( +1 / -0 )

What, more masks and Go To coupons?

How about $250 billion for small business?

Using the government’s relief program for small and midsize companies hit by the coronavirus pandemic, have extended the equivalent of more than $250 billion in less than six months,

https://www.wsj.com/articles/coronavirus-relief-surges-for-japans-small-businesses-11604847602

-3 ( +0 / -3 )

everyone get ready for another 10% value-added tax hike next year...

1 ( +1 / -0 )

Another 10,000? OK, but you have to replace the ¥ character with a placeholder this time so anyone can choose something that is some nearer to fit the size of the problem, $€£...free choice for everyone.

0 ( +0 / -0 )

@Nihonview

Did you even read the article you posted? Don't try and twist reality. I'll post the relevant information for others to read.

Many small business whom have had a 10% or more drop in profits are able to apply for privately issues, government back loans. The loan term is 3 years interest free, after which the interest rate which has not been disclosed will be applied. The maximum loan is 5 million yen.

Don't act like the government has given small business 250 billion. That's blatantly untrue.

2 ( +2 / -0 )

If we don't help our citizens now, then when?? When is it a good time to do it??Rediculous! Shows how little some care!

What are you on about, according to your speakingwisdom posts, Japan is doing better than anyone else with covid and is the best country in the Universe by far, so there is no need for any "help" is there?.....but seriously, if Suga gives a substantial payment or tax cut to every long suffering average taxpayer , great I,ll take off my hat, but what are the odds vast majority of the funds will go to LDP J-Inc buddies ( as usual ) and Suga,s pet Go to Travel project, ....bets ?

1 ( +1 / -0 )

The stimulus definitely not going to affect the common people much, most of it is going to the business elites anyways, especially Dentsu.

Basically if you are worth less than 1 billion yen, you are probably not getting affected much by this.

0 ( +0 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites