TOKYO — Japan’s conservative opposition Nippon Ishin no Kai (Japan Innovation Party) unveiled a new economic policy plan Monday that would consolidate much of the country’s social welfare system into a universal basic income program.
The party envisions paying between 60,000 yen and 100,000 yen ($550 to $910) per month to everyone regardless of age. This would replace other types of aid such as public assistance programs, basic pensions and child allowances, which the party argues would make the social safety net more streamlined and efficient.
The proposal — which resembles the $1,000-per-month universal basic income proposal put forward by former […]
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