Economic plan to be drafted by Ishiba in fall season
Japanese Prime Minister Shigeru Ishiba has announced plans to draw up an economic package this autumn, amidst pressure from within his ruling Liberal Democratic Party to step down as party chief. The proposed package will include measures to reduce the impact of higher prices and a cash handout aimed at addressing economic issues.
During a press conference held at the prime minister's office in Tokyo, Ishiba stated that his ruling coalition will promote talks with opposition parties on the proposed cash handout. The amount per person will range between 20,000 yen and 40,000 yen, but the ruling parties have not yet specified the exact amount.
The ruling coalition's discussion of the cash handout will consider its impact on state finances. The proposed economic package is a new addition to the measures being drawn up by the ruling coalition, and the timing of its implementation is set for the autumn.
The proposed cash handout is part of the ruling coalition's campaign pledges for the July parliamentary election. Ishiba's comments signaled his strong intention to stay in office, despite the pressure to step down.
The ruling coalition will engage in negotiations with opposition parties regarding the proposed cash handout. The economic package will also include measures to address the impact of higher prices, but the exact details have not been disclosed yet.
While the Japanese government is expected to formulate the economic package by the summer of 2025, the exact timeframe is not explicitly stated in the provided sources. The context suggests ongoing considerations around fiscal measures in 2025 but does not specify a precise date or period for the package's creation.
Ishiba's announcement comes at a critical time for Japan's economy, as the country grapples with inflation and rising living costs. The proposed cash handout and the broader economic package are expected to provide much-needed relief to households and businesses.
As the discussion around the economic package and cash handout continues, the ruling coalition will need to balance the need for immediate economic stimulus with the need to maintain fiscal discipline and ensure the long-term sustainability of Japan's economy. The outcome of these discussions will have significant implications for Japan's economic future and the political career of Prime Minister Ishiba.
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