In a recent announcement, the Japanese Prime Minister has unveiled a new stimulus measure in the form of a gift catalog, with each citizen set to receive approximately 30,000 yen. The initiative is seen as a means to boost consumer spending and kick-start the economy suffering from recent downfalls. Further details on the distribution and conditions apply are yet to be disclosed.

As Japan grapples with economic downturns, initiatives like these not only help stimulate the economy but also boost the public’s sentiment and trust in the government. The announcement underlines the current government's commitment to the welfare of its citizens and its efforts to stimulate economic resurgence.

Similar to direct stimulus checks issued in the United States during the COVID-19 pandemic, this Japanese program aims to support citizens and stimulate domestic consumption. While direct cash handouts are more common in the US, Japan has used gift catalogs which encourages citizens to spend, thus supporting local businesses.