Japan Prime Minister Debuts New Social Programs to Help Economy
- 9 years ago
Japanese Prime Minister Shinzo Abe said Thursday he would increase spending on social programs and raise the minimum wage as he tries to jump-start the flagging economy ahead of an election next summer.
Mr. Abe said the government would give cash handouts to the elderly poor, and build child-care and elder-care facilities to help people enter and stay in the workforce, as part of a stimulus package expected to cost at least ¥3 trillion .
Mr. Abe hopes to revive an economy that has slipped into recession for the second time in two years, heightening skepticism about whether Abenomics will ultimately succeed in generating sustainable growth.
Mr. Abe said the government would give cash handouts to the elderly poor, and build child-care and elder-care facilities to help people enter and stay in the workforce, as part of a stimulus package expected to cost at least ¥3 trillion .
Mr. Abe hopes to revive an economy that has slipped into recession for the second time in two years, heightening skepticism about whether Abenomics will ultimately succeed in generating sustainable growth.