Japanese Prime Minister Fumio Kishida announced economic stimulus measures worth $113 billion. To help people affected by inflation problems and restore confidence After the government’s popularity has decreased
On November 2, the Prime Minister of Japan It has announced an economic stimulus plan worth about 17 trillion yen ($113 billion), of which 13 trillion yen will be supported by a special budget. For the remainder of the fiscal year until the end of March 2024
The goal of this economic stimulus measure It is there to alleviate the rising cost of living. from the impact of inflation in the household sector The focus is on temporary tax cuts of 30,000 yen per person and 10,000 yen on housing taxes of about 5 trillion yen, as well as giving low-income households 70,000 yen per family.
In the past Even though Japan is trying to increase wages To stimulate public spending But it was found that the normal wages increased It is not in line with the rising product prices. The price of food excluding fresh food recently rose 8.8%.
The Nomura Research Institute predicts that the temporary tax rate reduction and giving out money It will help Japan’s real GDP by only 0.2% per year, compared with similar measures in the past. failed to stimulate consumption This is because Japanese households save extra money.
However, this measure has not only received criticism from academics. A survey of Japanese people found that about 65% did not agree with reducing taxes to solve the cost of living problem, and only 24% agreed with the measure.
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2023-11-03 12:58:00
