Politics · Japan · 6 hrs ago

Japan proposes annual payments averaging ¥30,000 for about 20 million workers

Japan proposes annual payments averaging ¥30,000 for about 20 million workers

Japan's government proposed an income-linked cash benefit for workers facing heavy tax and social insurance costs.

The plan would initially cover about 20 million people in fiscal 2027 and 2028, with payments averaging around ¥30,000 a year.

The government described these figures as a reference, and the final rules are still under discussion.

The benefit is aimed at lower- and middle-income workers, with an individual annual income in the ¥3 million range a possible upper limit.

The payments are tied to a planned cut in food and drink consumption tax to 1% during those first two years.

From fiscal 2029, when the tax rate is due to return to 8%, the government plans to increase the size of the benefit.

Parliamentary debate on a related bill is due to begin on October 20, and the government and ruling party say they want to shape the details with opposition input.

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高市早苗Prime minister of Japan
We are concerned that households with a couple and two children and an income of ¥5.1 million or less have a higher net burden in Japan than in other countries.
via テレ朝NEWS