Tokyo, November 10 (Reuters)-According to local media reports, the ruling coalition in Japan has agreed to set the stimulus payment of 100,000 yen in cash and coupons to an annual income ceiling of 9.6 million yen ($84,693). Distributed in the form of cash and coupons to families with children under 18 on Wednesday.

According to media reports, the plan was proposed by the Liberal Democratic Party and has been accepted by the smaller coalition party Komeito. They formally reached an agreement at a meeting of leaders of the two parties on Wednesday. read more

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