The Business Times

Japan to tap 3.5t yen emergency reserves for support measures

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Published Thu, Sep 8, 2022 · 06:04 PM
    • The Japanese government will provide 50,000 yen in financial support to households that are exempt from paying resident taxes.
    • The Japanese government will provide 50,000 yen in financial support to households that are exempt from paying resident taxes. PHOTO: AFP

    JAPAN plans to tap about 3.5 trillion yen (S$34 billion) from emergency budget reserves to swiftly roll out support measures to counter the impact of high food and energy prices, Japanese Prime Minister Fumio Kishida said on Thursday (Sep 8).

    The government will provide 50,000 yen in financial support to households that are exempt from paying resident taxes, Kishida also told reporters. REUTERS

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