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

© Reuters. FILE PHOTO: Japanese Prime Minister Fumio Kishida speaks throughout a information convention on the prime minister’s official residence in Tokyo, Japan October 14, 2021. Eugene Hoshiko/Pool through REUTERS

TOKYO (Reuters) – Japan’s ruling coalition have agreed on a 9.6 million yen ($84,693) annual earnings cap for stimulus funds of 100,000 yen in money and coupons to be distributed to households with youngsters aged as much as 18, native media reported on Wednesday.

The plan, proposed by the Liberal Democratic Get together, has been accepted by smaller coalition counterpart Komeito they usually formally reached an settlement in a gathering among the many two events’ leaders on Wednesday, media reported.

($1 = 113.3500 yen)

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