Japanese Prime Minister Shigeru Ishiba: There is enough money to distribute cash.

Japanese Prime Minister Shigeru Ishiba said on Wednesday that he plans to use surpluses from tax revenue, non-tax revenue, and unused budgets to fund cash handouts aimed at helping households cope with rising prices. Ahead of the crucial July 20 Senate election, Ishiba said in a public debate with opposition leaders, "We expect additional tax revenue of ¥1.5 trillion to ¥2.0 trillion, and non-tax revenue of close to ¥1.0 trillion." On Wednesday, Japan's Finance Ministry said that tax revenue for the fiscal year ending in March hit a record high for the fifth consecutive year, thanks to strong corporate profits and rising inflation. [ChainCatcher]