Facing the challenge of attracting voter support ahead of the upcoming July Senate elections, Japan's ruling party is considering issuing cash subsidies with no income cap to all citizens. Previously, Japan's ruling party had abandoned the one-time cash subsidy program and made it clear that it would not cut consumption tax, so a new campaign pillar was needed, and cash subsidies became the latest proposal. The source said, “If we set an income limit, it will take a long time, and we may be able to set the amount at least 20,000 yen.” However, there are voices within the government calling for the exclusion of high-income earners, so the plan has yet to be finalized. The report said that the funding source for the cash subsidy will be increased tax revenue for the 2024 fiscal year, and the budget will be finalized in July.

Facing the challenge of attracting voter support ahead of the upcoming July Senate elections, Japan's ruling party is considering issuing cash subsidies with no income cap to all citizens. Previously, Japan's ruling party had abandoned the one-time cash subsidy program and made it clear that it would not cut consumption tax, so a new campaign pillar was needed, and cash subsidies became the latest proposal. The source said, “If we set an income limit, it will take a long time, and we may be able to set the amount at least 20,000 yen.” However, there are voices within the government calling for the exclusion of high-income earners, so the plan has yet to be finalized. The report said that the funding source for the cash subsidy will be increased tax revenue for the 2024 fiscal year, and the budget will be finalized in July.