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Japan plans to give $880 to people 18 years or younger

Handouts will be part of billions of dollars in new economic stimulus

The cash giveaway is the second of its kind since the Abe administration did the same last year in a bid to jump-start the economy.

TOKYO -- Japanese Prime Minister Fumio Kishida's government will distribute 100,000 yen ($880) in cash, vouchers or a combination of both to those 18 years or younger and make it a pillar of an economic stimulus package planned to be created by the end of the month, Nikkei has learned.

The package, worth hundreds of billions of dollars, is one of the pledges made by Komeito -- Liberal Democratic Party's coalition partner --  during last month's general election campaign. The payment is expected to be made by spring 2022.

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