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Japan coalition agree on income cap for stimulus payments to children -media -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Fumio Kishhida, Japanese Prime minister, speaks in a news conference that took place at Tokyo’s official residence of the prime minister on October 14, 2021. Eugene Hoshiko/Pool via REUTERS

TOKYO (Reuters – Japan’s ruling coalition agreed on a 9.6-million yen ($84.693) annual limit for stimul payments. 100,000 yen will be paid in cash, and coupon money will be distributed to children up to 18. Local media reported Wednesday.

Komeito, a smaller member of the coalition, accepted the plan as it was proposed by the Liberal Democratic Party. They also reached an official agreement at a Wednesday meeting between the leaders, according to media reports.

($1 = 113.3500 yen)

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