💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadUnlock them all

Japan promises swift coronavirus payouts, starting in May

Published 04/16/2020, 10:09 PM
Updated 04/17/2020, 01:35 AM

TOKYO (Reuters) - Japan on Friday said it hope to start distributing coronavirus relief payments next month, after extending a state of emergency nationwide and amid criticism that its response to the crisis has been slow and insufficient.

With more than 9,000 infections and nearly 200 deaths nationally, Prime Minister Shinzo Abe said on Thursday the government was considering cash payouts of 100,000 yen ($928.42) for all, in an effort to cushion the economic impact.

Abe, who has seen his support hit by his handling of the outbreak, is due to hold a news conference at 6 p.m. (0900 GMT).

"We think the most important thing is to proceed with this speedily," Finance Minister Taro Aso said of the cash payout, adding the government hoped to get payments started in May.

The government's supplementary budget set out payouts of 300,000 yen to households whose incomes have been hit by the outbreak. But pressure mounted on Abe, including from within his party, to increase the help with a payment of 100,000 yen to all citizens.

The ruling party would discuss how to source the cash payments, the chief cabinet secretary said.

Abe imposed the state of emergency on main population centres, including Tokyo, from April 7 but he expanded it to the entire country on Thursday.

The Cabinet Office also reported another official had tested positive for the coronavirus, becoming the third case in the office.

The infected man, who was not identified, is in his 50s who works on the council for science, technology and innovation. He was confirmed as with the coronavirus on Thursday, an official said.

The Cabinet Office, a government ministry, assists the cabinet with policy coordination. Two other officials who had come within two metres of the man were now staying at home, the office said.

Both had yet to be tested for the virus. Public health centres in their towns would decide depending on their conditions, it said.

No ministers had been in close contact, generally meaning within 2 metres distance, with him since he developed symptoms on April 10, the official said.

Under Japan's state of emergency, municipalities are urging people to stay inside, but without punitive measures or legal force.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.