• Kyodo News


A key advisory panel to Finance Minister Shoichi Nakagawa called Thursday for scrapping the ¥2 trillion cash benefit program intended to distribute at least ¥12,000 to each person in Japan to spur consumption and buoy the faltering economy.

The Fiscal System Council generally agreed that the government should review plans to use the ¥2 trillion because it doubts the program will be effective in lifting the economy, said Taizo Nishimuro, who chairs the advisory panel.

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