Japan is unleashing economic stimulus measures worth around $1 trillion as it battles the coronavirus outbreak, which has prompted a state of emergency in several parts of the country, including Tokyo.
Government-backed lending institutions will offer interest-free loans, and handouts of up to two million yen will be available for small and medium-sized businesses whose revenues plunge by more than 50 percent. It also aims to distribute 15 million masks to medical institutions in April and secure up to 50,000 hospital beds to treat severe infection cases in the near future.- Helping families -
In particular, businesses are encouraged to repatriate the production of items such as masks, protective suits, sanitiser, ventilators, artificial lungs and materials to produce drugs.
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