Japan to cut household electricity bills by 20% to fight inflation

TOKYO, Oct 27 (Kyodo) - Japan will cut household electricity bills by about 20 percent early next year as an inflation-relief step under a broader economic package that will entail nearly 30 trillion yen ($204 billion) in government spending, sources familiar with the matter said Wednesday.

The size of the package, which is scheduled to be unveiled Friday, will likely exceed 67 trillion yen, including spending by municipal governments and companies, the sources said.

The amount of government outlay was raised from 25.1 trillion yen planned earlier amid calls from ruling lawmakers, they said. ...continue reading

Source: ANNnewsCH

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