Japan awarded 2,800 dollars to every household affected by Covid-19

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Japan awarded 2,800 dollars to every household affected by Covid-19

According to officials, the Government does not set a limit of family income for the material in cash, which will be tax-free.

JAPAN

The Government of Japan grant 300,000 yen (about 2,800 dollars) in cash to each household that suffers a fall in their income in the middle of the pandemic of the new coronavirus.

The head of policy at the ruling Liberal Democratic Party (LDP), Fumio Kishida, revealed the agreement after a meeting with the prime minister, Shinzo Abe, according to the agency Kyodo News.

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It is expected that some 10 million of the 58 million households in Japan are eligible for the program effectivea key pillar of a package of economic emergency that the Government plans to compile at the latest by Tuesday, according to officials cited by Kyodo.

The program of cash will be funded by a supplementary budget for this fiscal year, which the Government wants to pass in Parliament before the holiday of Golden Week in Japan at the beginning of may.

According to officials, the Government does not set a limit of family income for the material in cash, which will be tax-free.

The minister in charge of economic and fiscal policy of Japan, Yasutoshi Nishimura, said that the recipients will be limited to those who face difficulties of livelihood, and that public officials, politicians and major corporate executives that have not been significantly affected by the economic impact of the outbreak of the virus will be excluded from the scheme.

***MJPR***





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