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CDP kicks off discussions on cutting consumption tax

  • Japan's ruling coalition plans to deliver a cash handout of between 30,000 yen and 50,000 yen to alleviate the effects of higher U.S. tariffs and inflation, sources said.
  • Chief Cabinet Secretary Yoshimasa Hayashi stated there are no plans for an extra budget for the current fiscal year until March 2026.
  • Onodera emphasized the need for careful discussions about the cash handout's details, mentioning the importance of analyzing economic impacts.
  • Decisions should be made regarding the cash handout plan in a level-headed manner, as various opinions are considered.
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Asahi broke the news in Tokyo, Japan on Wednesday, April 9, 2025.
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