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

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