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ECONOMY > Economic Policy

GOJ to formulate stimulus measures to arrest economic slump

  • April 5, 2020
  • , Yomiuri
  • JMH Summary

Sunday’s Yomiuri wrote in its top item that the GOJ plans to draw up a package of pump-priming measures on Tuesday to ensure that the economy recovers once the coronavirus outbreak is contained. The GOJ is expected to launch various schemes, including cash allowances for individual households, interest-free loans for small businesses, and subsidies intended to cover half of the hotel fees borne by tourists. The GOJ is also expected to assist domestic manufacturers of face masks and other medical supplies in manufacturing such products at home instead of overseas. A sizable budget will also be secured for encouraging distance learning for students and remote consultations between doctors and patients. The stimulus package is likely to be the largest ever and much larger than the one implemented after the global economic slowdown in 2008.

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