Japanese Prime Minister Fumio Kishida announced a plan to support the economy worth 17,000 billion yen, the equivalent of just over 106 billion euros, as part of the policies to support the purchasing power of the middle classes. lows, which continue to be worn out by rising inflation. Under the current plan, the government will use around 3,500 billion yen to implement a tax cut of 40,000 yen (250 euros) per taxpayer, while an additional 1,000 billion yen will be allocated to return 70,000 yen to low-income families. Other measures include subsidies to lower petrol prices and energy bills, as well as a plan to retrain some categories of workers as part of the government’s commitment to investing in companies’ human resources.
Rising commodity prices are hitting Japanese families at a time when real wage growth is failing to keep pace with inflation. Kishida wanted to highlight the need for adequate and continuous salary increases, while providing support to contain the increase in the cost of living.
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2023-11-02 04:29:00
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