Prime Minister Shinzo Abe said Wednesday he will compile a bold economic package worth ¥2 trillion early next month to combat various woes related to Japan's rapidly aging population.
The measure reflects Abe's central campaign pledge ahead of last month's general election. In a drastic review of how to spend the revenue from the planned 2019 consumption tax hike, Abe said he would make efforts to provide free day care services, increase support for financially struggling young people seeking higher education and raise wages for caregivers.
"We will remain committed to reviving the economy," Abe told a news conference Wednesday, after being re-elected prime minster in a Diet vote earlier in the day.