Japanese Prime Minister Shigeru Ishiba: There is enough money to distribute cash

ChainCatcher News, Japanese Prime Minister Shigeru Ishiba said on Wednesday that he plans to use surpluses from tax revenue, non-tax income, and unspent budgets to fund cash payments aimed at helping families cope with rising prices.

Ahead of the crucial Senate elections on July 20, Ishiba stated during a public debate with opposition party leaders, "We expect additional tax revenue to reach 15 trillion to 20 trillion yen, and non-tax income to approach 10 trillion yen." On Wednesday, Japan's Ministry of Finance announced that due to strong corporate profits and rising inflation, tax revenue for the previous fiscal year ending in March hit a record high for the fifth consecutive year.