Japan plans to top up trillion-dollar stimulus to help economy
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Prime Minister Shinzo Abe said the government may help firms and students affected by coronavirus-related shutdowns. Japan will take additional stimulus measures "swiftly" to combat the fallout from the coronavirus pandemic, Prime Minister Shinzo Abe said, signalling readiness to compile a second supplementary budget during the current Diet session running through June. The new package of steps would aim to cushion the blow to the world's third-largest economy, which is on the cusp of deep recession amid a plunge in global demand and a local state of emergency that has been extended through to the end of May. Abe said the government will consider additional steps such as aid to firms struggling to pay rent, support for students who have lost part-time jobs, and more subsidies to companies hit by slumping sales. Abe declined to say what the size of spending could be, saying the decision will depend on how many prefectures will be able to lift state-of-emergency measures now applied nationwide.
[Updated] Japan Has Plans To Subsidise Travel Expenses By Half To Boost Domestic Tourism
Foreigners will qualify for subsidy as part-time jobs evaporate. Students whose income from part-time work has fallen by half or more will be eligible for a , yen payment. Those from households earning too little to pay local income tax can receive another , yen. The relief will be available to students enrolled at universities, graduate schools, junior colleges and Japanese language schools. This includes foreign students , many of whom count on earnings from now-vanishing jobs to pay their way.
Japan plans to ease its coronavirus travel restrictions by letting in up to around foreign travelers per day from Australia, New Zealand, Thailand and Vietnam, government sources said Thursday. The quota, which Japan aims to introduce this summer, will initially apply to businesspeople, the sources said, adding that the government task force on the virus response is expected to finalize the plan soon. Japan currently has an entry ban in place for countries and regions, with foreign travelers who have been to any of these areas within the last two weeks being turned away. Foreign travelers who come to Japan under the quota will be required to hand in negative results from a polymerase chain reaction, or PCR, test taken before their departure and take another test when they land in Japan.