Japan passes $240-billion virus package including cash handouts

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Japan passes $240-billion virus package including cash handouts
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About half of Japan's new emergency budget will go to cash handouts – 100,000 yen ($930) to be given to every adult and child. coronavirus

JAPAN ECONOMY. People wearing face masks cross the quiet Shibuya crossing in Tokyo, Japan, on April 28, 2020. Photo by Behrouz Mehri/AFP

It also includes money to help boost production of much-needed masks for medical workers, improve COVID-19 testing capacity, and support the acceleration of drug and vaccine development.The measures are part of a larger $1-trillion stimulus package that Abe announced earlier this month.

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