Japan: the new Prime Minister unveils his plan to revive the economy
Audio 01:17
Japanese Prime Minister Fumio Kishida speaks at a press conference in Tokyo on November 10, 2021 © Stanislav Kogiku / POOL / AFP
Text by: RFI Follow
2 min
Fumio Kishida unveils this Friday, November 19, its stimulus plan for the Japanese economy, which is slow to take off compared to those of other major industrialized countries.
This plan is of an unprecedented scale: more than 300 billion euros.
But it draws strong criticism from both economists, the press and the Japanese themselves, according to the polls.
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With our correspondent in Tokyo,
Bruno Duval
One hundred thousand yen - around 750 euros - awarded to each young person under the age of 18.
This is the flagship measure of the recovery plan and it does not convince everyone.
“
100,000
yen, that's good
!
I have struggled to make ends meet since the start of the crisis.
Afterwards, what we, disadvantaged parents, demand from the State is not a one-off help, but its long-term support
, ”says a resident of Tokyo.
“
Since I'm 19, my parents won't benefit from this help.
I find that very unfair,
”explains a young woman.
A man drives the point home: "
Well-off parents will also receive these 100,000 yen, but the Japanese who are in need and who have no children will not receive anything.
The social logic of such a policy escapes me a little.
"
And then, "the" question asked by the Japanese is "
who is going to pay?"
".
“
This plan is not funded, taxpayers will feel it pass,
predicted a passerby.
Raise my taxes to help poor children, okay.
But paying for families who have the means, mmm, that, I appreciate less.
"
“
Japan can no longer afford to spin the printing press and throw money out the window.
This government will put even more debt on the following generations.
It therefore seems irresponsible to me
, ”concludes the Japanese.
The Japanese public debt is equivalent to 256% of the GDP.
No other major industrialized country is so indebted.
► Read also: In Japan, women shine by their absence in political life
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Japan
Fumio Kishida
Economy