TOKYO (Reuters) – The Japanese government and ruling coalition have agreed to provide a cash payout of 100,000 yen ($878.73) to all children as part of an economic stimulus package to weather the pain of COVID-19 pandemic, the Yomiuri newspaper reported on Friday.
The payout would cover all minors up to age 18 regardless of household income for a budget of about 2 trillion yen, the paper reported.
Prime Minister Fumio Kishida has promised to compile a “large-scale” stimulus package this month, aiming to pass through parliament an extra budget by the end of this year.
Key among the spending would be funding aimed at recovering from the pandemic, including reviving domestic tourism, he has said.
($1 = 113.8000 yen)
(Reporting by Chang-Ran Kim; Editing by Christopher Cushing)
