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Japan Plans Handouts Over $2,750 in Record Stimulus Package

  • Cash provision could be 25 times size of handouts after Lehman
  • Tax chief Amari sees no need to lower sales tax rate
Japanese Yen Outpaces Dollar to Hold Currency Crown
Photographer: Akio Kon/Bloomberg
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Japan is planning to distribute 300,000 yen ($2,768) to virus-hit households as part of its biggest-ever stimulus package, according to the ruling party.

Prime Minister Shinzo Abe approved the value of the handouts ahead of the announcement of the package next week, said Fumio Kishida, policy head of the Liberal Democratic Party, after meeting Abe and Finance Minister Taro Aso on Friday.