An emergency package will be provided to tackle the economic impact of the Coronavirus, Japanese Minister of Economy

Japan's Minister of Economy Yasutoshi Nishimura

Japan’s Minister of Economy Yasutoshi Nishimura

Tokyo … News Time

Japan’s Minister of Economy Yasutoshi Nishimura has said the government plans to create an emergency package soon to address the economic impact of the Corona virus outbreak and boost the economy. According to the Japanese Broadcasting Agency, a statement issued by the Minister of Economy states that the package will include cash payments for troubled households. These measures will be more extensive than the measures taken during the global economic crisis of 2008. Yasutoshi Nishimura said that small and medium-sized companies were badly affected by the outbreak. He added that cash will be provided to those whose incomes are declining rapidly. About the decision to implement the emergency, he said the government was consulting with experts in this matter.

He added that it is important to find out the source of infections, and the number of cases that travel abroad from Japan to Japan. In the event of an emergency implementation, the regional governor will be ordered to remain confined to homes and suspend other activities, said Yasutoshi Nishimura. The violators will not be punished in any way, he said. He added that unlike external governments, it would be difficult to implement such measures from a legal standpoint. But he said there would be a lot of restrictions.


No comments.

Leave a Reply