Society | Apr 06

Japan gov't to earmark 1 tril. yen for reserve fund to fight coronavirus

Japan will earmark 1 trillion yen ($9.2 billion) for a reserve fund to fight the new coronavirus pandemic, according to a draft of an emergency economic package being compiled by the government.

With the fund, the government will provide an additional 10,000 yen per child for families that receive child allowances, says the draft made available on Sunday.

Prime Minister Shinzo Abe's Cabinet is expected to approve the fund, together with a supplementary budget for fiscal 2020, in a meeting on Tuesday.

With the number of infections in Japan topping 4,500 and the domestic death toll exceeding 100, the government says the pandemic has caused "the biggest economic crisis since World War II," according to the draft.

Source: ANNnewsCH

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