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© Thomson Reuters 2020.Suga signals readiness for new stimulus package
By Yoshifumi Takemoto and Daniel Leussink TOKYO©2024 GPlusMedia Inc.
21 Comments
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JeffLee
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.
sakurasuki
Just add more debt to the existing one, what happened to current budget already taken by GoTo travel?
dbsaiya
What, more masks and Go To coupons?
vanityofvanities
Another 100,000 yen please.
Cricky
More Buisness subsidies? Increased debt, higher taxes. Sounds like a plan.
Akie
Good relationship with China is better than 1000 stimulus.
Goodlucktoyou
Sorry the break the bad news...it translates to massive gifts of taxpayer money to amukurari linked big companies and no bonuses for staff.
ReasonandWisdomNippon
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!
Tom Young
Help the unemployed
sir_bentley28
I like the way you think and I agree!
wanderlust
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.
Cricky
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.
William77
Still with this 80es policies,when will these outdated J-politicians time travel to present days?
Nihonview
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
spektral
everyone get ready for another 10% value-added tax hike next year...
Sven Asai
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.
Kiwikid
@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.
blahblah222
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.