Japanese Authorities Decided To Distribute Money To All Residents Of The Country Because Of The Epidemic
Japan has become another country that has decided to distribute money to all citizens to compensate for the consequences of the crisis caused by the coronavirus. Every Japanese will be able to get almost $1 thousand.
The Japanese authorities decided to start direct payments to all residents of the country in May as a measure of support during the crisis. This is reported by Reuters, referring to the decision of Prime Minister Shinzo Abe.
The direct payment amount will be 100,000 yen ($927). Initially, it was planned to issue 300 thousand yen to households that can prove a drop in income from the crisis, but later Abe decided to expand the program. This was also done under pressure from some members of his Liberal Democratic Party, the Agency said.
As the Japan Times notes, the Japanese Prime Minister made a statement about the possible issuance of direct monetary assistance to the population in the amount of 100 thousand yen after a meeting with the leader of the Komeito party, Natsuo Yamaguchi. Yamaguchi noted that such payments should be an additional measure to support the economy, which has been severely affected by the spread of the coronavirus.
Japanese government Secretary Yoshihide Suga said that the authorities are still working out the details of the payment program and expect to start them as soon as possible, Bloomberg reports.