Japan’s authorities presented a plan for large-scale stimulting of the economy and consumer demand suffering from the effects of a coronavirus pandemic, writes Nikkei.
reported that direct financial assistance will be provided to the population. Families with children up to 18 years old will get just so Checks per 100 thousand yen ($ 875).
The new round of stimulation cost a total of 56 trillion yen ($ 487 billion). Small business will give grants for 2.5 million yen ($ 21.9 thousand). Funds will be attracted through bond issuance. Small business will give grants for 2.5 million yen ($ 21.9 thousand). According to the forecasts of the authorities, the incentive from direct payments of the country’s economy should feel in the first quarter of 2022. However, experts fear the growth of inflation and lack of such measures for a significant increase in consumer demand.