Japan’s Kishida Cabinet’s first economic measure worth 576 trillion won… all-time high


Kyodo News reported that the scale of economic measures first announced by the Japanese cabinet, Fumio Kishida, is 55.7 trillion yen, or about 567 trillion won in Korean money.

The Japanese government will confirm economic measures of this scale at a cabinet meeting to be held tomorrow (19th), and Kyodo News evaluated that it was the largest in the history of fiscal spending.

It is a disaster support project that gives 100,000 yen per person to children under the age of 18, about 1,030,000 won in Korean money. The scale of the business has grown due to measures against COVID-19.

In addition, the Yomiuri Shimbun reported that it plans to invest 500 billion yen, or about 5.16 trillion won, to strengthen the foundation for developing its own coronavirus vaccine.

The Japanese government will also establish a 500 billion yen economic and security fund to support AI, quantum technology and space development, Yomiuri added.

At the same time, the Japanese government is pushing for a subsidy of hundreds of billions of yen to secure the semiconductor supply chain, including support for the construction of factories in Japan by TSMC, the world’s largest foundry company, in Taiwan.


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