A report from the Wall Street Journal on Japanese Prime Minister Abe promising increased spending on social programs and to raise the minimum wage
- Abe said the government would give cash handouts to the elderly poor
- Build child-care and elder-care facilities (to make working easier for people with children or elderly parents who need care)
As part of a stimulus package expected to cost at least ¥3 trillion.
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There are not any further details on the higher minimum wage in the article.
Article is gated: Japan Prime Minister Debuts New Social Programs to Help Economy
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At the margin such programs should diminish the chances for further BOJ easing and thus translate as a yen positive.
