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作成日: 2023/11/03 08:47

更新日: 2025/12/08 21:52

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The Japanese government has decided on a package of economic measures worth over 17 trillion yen, or 113 billion dollars, including income tax cuts.
                
The Cabinet on Thursday approved the package designed to address the impact of higher prices as well as facilitate sustained pay increases and growth potential.
                
As a means to help counter rising prices, income and resident taxes will be cut by about 260 dollars per taxpayer and dependent. The government plans to discuss specific plans toward the year-end for implementation as early as June 2024.
                
Low-income households that are exempt from resident taxes will receive about 460 dollars.
                
The ongoing subsidies for oil wholesalers and utility bill relief measures will be extended through April next year.
                
Toward the goal of ensuring sustained pay raises and bolstering the country&#039;s economic growth potential, the government will support capital investment by small- and mid-size companies to boost productivity.
                
It also plans to increase funding for semi-conductor production hub construction within Japan.
                
The government aims to submit a supplementary budget plan to the Diet in November to finance the plan.

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