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Japan to spend $18 billion on cash payments to households with children -Yomiuri

TOKYO (Reuters) -Japan will spend roughly 2 trillion yen ($18 billion) on cash payments to households with children under the age of 18 as part of an economic stimulus plan aimed at blunting the impact of the COVID-19 pandemic, the Yomiuri newspaper reported on Friday. Under the plan, households with be entitled to receive 100,000 yen per child regardless of household income around spring next year, the paper said without citing sources. The government will tap its reserves in state coffers to fund the cash payouts, the paper said, suggesting the plan will not lead to a huge issuance of government debt.

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