Kishida announces ¥100,000 for students in need as part of economic package

The Yomiuri Shimbun
Prime Minister Fumio Kishida speaks at a press conference at the Prime Minister’s Office in Tokyo on Wednesday.

Prime Minister Fumio Kishida announced Wednesday a plan to provide ¥100,000 to students who have been severely affected by the novel coronavirus pandemic as part of the government’s economic measures.

The second Kishida Cabinet was inaugurated Wednesday night following an imperial investiture, in which the Emperor appointed the prime minister as designated by the Diet, and a ministerial attestation ceremony at the Imperial Palace.

After launching the Cabinet, Kishida held a press conference at the Prime Minister’s Office where he announced the plan to compile an economic stimulus package worth tens of trillions of yen by the end of next week.

In addition to needy households, Kishida also pledged to make students who are in a difficult economic situation due to the pandemic eligible for an emergency handout of ¥100,000 to help them continue their studies.

For business operators, Kishida said the government plans to provide one-time relief payments scaled to the size of the business that will cover the five-month period from this month until March. This financial aid is expected to be comparable to that offered last year to help them stay in business.

The government and the ruling coalition of the Liberal Democratic Party and Komeito intend to hold another extraordinary Diet session in early December to enact a supplementary budget for fiscal 2021, which includes funding for the economic package, by the end of this year.

Kishida also expressed an intention to accelerate discussions on amending the Constitution, vowing to “reinforce the system within the party” to proceed toward revision.

“We will promote politics in a careful and tolerant manner, while establishing trust and empathy with the people,” Kishida said.