Oct. 28 (UPI) — Japan is providing families with application fees and remedies for high energy prices with its new $199 billion economic package announced Friday.
“We will spend 6 trillion yen ($40. 6 billion) in total on energy-related measures and increase the value of aid by 45,000 yen ($304. 97) for each and every household,” Prime Minister Fumio Kishida told a news conference. lives, jobs and businesses, and the economy for the future. “
Private companies will also benefit from receiving approximately $0. 024 consistent with kilowatt hour in electric power consumption.
Japan’s share of 5. 14% of the world economy is the third largest, although it lags far behind China and the United States.
Kishida did not signal any quick action on EM interest rates, opting for a wait-and-see approach.