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Ongoing Topics

[COVID-19] Emergency Economic Measures for Response to COVID-19 to protect the lives and lifestyles of the public and move toward economic recovery

April 20, 2020

  On April 20, 2020, the Government decided to revised the Emergency Economic Measures for Response to COVID-19 to protect the lives and lifestyles of the public and move toward economic recovery.
 
Total Scale
117 trillion yen (approximately 1.1 trillion USD)
(over 20% of Japan's GDP)
 


 
1. Measures to prevent the spread of infections and to build medical treatment structures
- Counter-cluster measures: doubling the PCR capacity to 20K/day, reinforcing public health centers

- Medical care for patients with severe symptoms: increase beds from 28K to 50K, securing 15K ventilators

- Facilities for patients with mild symptoms to stay: securing hotels and other public facilities

- Research and development of therapeutic medication and vaccines

- Avigan (medicine expected to be effective): increasing its production, preparing the stockpile up to 2M doses
 
 
2. Measures in support of business
- Real interest-free unsecured loans

- Improved loan conditions: allowing recurring debts to be refinanced as interest free loans

- Deferment of the payments of national taxes and social security premiums without collateral and penalties (amounting to ¥26 trillion)
 
3. Cash payments (app. ¥15 trillion)
- Cash payment of ¥100k each to all residents in Japan (¥12.9 trillion)

- Cash payments of ¥2 million each to micro-, small-, and medium-sized business and ¥1 million each to individual business owners (¥2.3 trillion)
 
4. Demand stimulation measures, looking ahead to the phase after the containment of outbreaks
- Support in the form of discounts and vouchers: tourism, transport, food services, and event businesses

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