Japan government offers cash payouts to small firms hit hard by coronavirus

Published Tue, Jan 12, 2021 · 10:26 AM

[TOKYO] Japan's government will offer 400,000 yen (S$5,100) cash payouts to small firms that suffer sales loss by half or more and 200,000 yen for individuals who face a similar extent of sales loss due to shorter hours over the coronavirus pandemic, Finance Minister Taro Aso said.

There was no need to rejig state budgets that have already been compiled to fund the latest measures to ease the pain of the health crisis, Mr Aso told reporters after a cabinet meeting.

REUTERS

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

VIEW ALL

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here