Japan plans to give cash payments to every citizen to help deal with rising prices and new U.S. trade tariffs. This has been reported by The Asahi Shimbun. Each person will receive 50,000 yen (about $350). There will be no income limit, so everyone qualifies. Just Enough for the new Nintendo Switch 2.
Japan to Give 50,000 yen Cash to All Citizens to Fight Inflation and Tariffs – Roughly the Price of a Switch 2
This move is part of Japan’s plan to support its economy. Prices of everyday goods and services are going up. New U.S. tariffs have added more pressure. Prime Minister Shigeru Ishiba called the situation a “national crisis.” He said the government must act quickly to protect people.
The Japanese government believes the cost of living has risen by about 50,000 yen per person. That number helped decide the amount of the subsidy. The goal is to give people enough to cover these extra costs. By giving the same amount to everyone, the process will be simpler and faster.
To pay for this plan, the government has created a special budget. Lawmakers hope to pass it before the current session of parliament ends in June. Discussions are still ongoing, and some details may change. However, the ruling coalition supports the idea.
The decision to include all citizens, no matter their income, aims to speed up the process. Officials want the money to reach people quickly. The cash can be used however people choose, which may help boost consumer spending.
In a fun twist, tech fans noticed the new Nintendo Switch 2 costs 49,980 yen —almost the same as the subsidy. The console just launched in Japan this month. At the current exchange rate, that’s about $349.
While the match in prices may be a coincidence, it shows how far 50,000 yen can go. It could cover a major purchase or help with daily expenses. With inflation still high and global trade tensions growing, Japan’s cash handout offers some relief and aims to support both households and the economy.
