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Japan's finance chief suggests no plans for more cash handouts

Japanese Finance Minister Taro Aso speaks to reporters in Tokyo on Oct. 14, 2020. (Kyodo)

TOKYO (Kyodo) -- Japanese Finance Minister Taro Aso on Friday appeared to dismiss calls from some ruling party lawmakers for a second round of cash handouts to households as part of efforts to buoy personal spending dented by the coronavirus pandemic.

    "The (first) cash handouts were given after a state of emergency declaration was expanded to the entire country on (April 16)," Aso told a press conference. "Now the declaration has been removed and the situation is different from then."

    In the universal cash handout, the government began giving 100,000 yen ($950) to all 126 million residents of Japan, including foreign nationals, in May. The state of emergency ended on May 25.

    Prime Minister Yoshihide Suga's administration is considering a new economic package aimed at boosting consumption, according to government sources, with some lawmakers from his Liberal Democratic Party demanding that it include a second round of across-the-board cash handouts, this time of 50,000 yen per person.

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