Japan Unveils Fresh $15-B Inflation Relief Package

The Japanese government has drawn up a fresh 2-trillion yen ($15 billion) inflation relief package that will give cash to low-income families and reduce liquefied petroleum gas bills, Mainichi Japan reported.

Photo Insert: The government has been stepping up its assistance to households bearing the brunt of inflation, which has been accelerating at its fastest pace in four decades.

Low-income households will receive 30,000 yen each and another 50,000 per child will be given to low-income earners with children. The government will tap reserve funds in the state budget for the current fiscal year ending on March 31, whose use requires no additional legislation.

Households that are exempt from paying resident taxes due to low income are eligible to receive the money.

The government has been stepping up its assistance to households bearing the brunt of inflation, which has been accelerating at its fastest pace in four decades. The new package comes just ahead of a series of local elections next month.

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