Japan to launch ‘unprecedented’ measures to support economics

J

The Japanese government will soon release an “unprecedented” large support package to protect the economy from the consequences of the corona pandemic. That was promised by Japanese Prime Minister Shinzo Abe, after the number of infections in Tokyo rose by a record sixty on Saturday. He did not go as far as to declare a national emergency, but emphasized that the moment is near.

The “widespread, strong” stimulus will outweigh the aid package during the 2008 financial crisis, Abe said in his televised speech. For example, Japanese households receive money from the government as part of the support package. Municipalities will start programs to prevent unemployment. The Japanese government will prepare the aid package within the next ten days, the prime minister said. Then it will become law as soon as possible.

Japan now has 1,400 coronavirus infections and the death toll is 47.

The United States adopted the largest aid package in history on Friday, worth $ 2,200 billion. According to insiders, Japan previously considered an aid package of at least $ 135 billion.

About the author

Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to [email protected]

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

By Leah Kunze

Recent Posts

Categories