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Businesses call for economic measures to counter effects of coronavirus outbreak

  • February 20, 2020
  • , Mainichi , p. 5
  • JMH Translation

by Yusuke Kaite

 

At a Feb. 19 meeting of the Novel Coronavirus Response Headquarters, the Liberal Democratic Party (LDP) consulted business groups, including the Keidanren (Japan Business Federation), with an eye to creating economic measures to address the effects of the coronavirus outbreak. The groups called on the government to provide financing support for firms with cash-flow problems. They also said the cancellation of events and meetings adversely affects economic activity, and requested the government to provide guidelines and information based on scientific knowledge as soon as possible.

 

The business groups explained that the tourist industry is being seriously impacted by the drop in inbound tourists due to the virus outbreak. The groups requested the government to expand the target of subsidies to business owners who are forced to cut back their business operations due to the lack of raw materials caused by disruptions in supply chains. LDP Policy Research Council Chairperson Fumio Kishida emphasized that they are planning specific measures using contingency funds and that the LDP will create a proposal that takes these suggestions into account.

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