TOKYO (AFP) - Japan will offer a cash payment of 100,000 yen ($1,320) to every resident, Prime Minister Shinzo Abe announced on Friday (April 17), as measures to contain the coronavirus decimate the world's third-top economy.. Read more at straitstimes.com.
TOKYO - Japan will offer a cash payment of 100,000 yen to every resident, Prime Minister Shinzo Abe announced on Friday , as measures to contain the coronavirus decimate the world's third-largest economy.
Japan has seen relatively few cases and deaths compared to hot spots in Europe and the United States, but a recent spike in Tokyo - which logged a daily record of 201 new cases on Friday - has sparked concern. The state of emergency hands regional governors the power to demand people stay indoors, but stops far short of restrictions seen in countries where there is punishment for transgressions.
The Japanese economy was heading for a recession even before the coronavirus crisis, contracting by 1.8 per cent in the final quarter of last year.
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