Japan plans to distribute 50,000 yen to each low-income household to fight inflation

The Japanese government plans to distribute 50,000 yen ($351) each to low-income households as part of a relief package to soften the blow from accelerating inflation, sources familiar with the matter said on Tuesday. Households that are exempt from resident taxes will be eligible to receive the money, the sources said, as they are seen as more vulnerable than others to rising energy and food prices largely caused by Russia’s war against Ukraine. The government plans to tap into the reserve funds of the state budget for the current financial year from April for the program of dis…