Japan needs to consider extension of special employment subsidy for firms: ruling party

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Japan needs to consider extending a special subsidy aimed at helping companies hit by the coronavirus pandemic to keep furloughed workers on the payroll, an official from Japan's ruling Liberal Democratic Party (LDP) said late on Monday.

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TOKYO - Japan needs to consider extending a special subsidy aimed at helping companies hit by the coronavirus pandemic to keep furloughed workers on the payroll, an official from Japan’s ruling Liberal Democratic Party said late on Monday.

Japan’s job market has been cooling and millions of people have been furloughed as the spread of the coronavirus forced businesses to close and people to stay home through May. The special measure was designed to temporarily lift the payment to companies who keep employment to up to 15,000 yen per employee per day from up to 8,330 yen previously, for six months through to the end of September.

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