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Japan PM orders drawing up of 3rd COVID-19 economic relief package

Japanese Prime Minister Yoshihide Suga has instructed his cabinet to form the third COVID-19 economic relief package, which will address recovery in the job market, new measures to curb the spread of the virus, natural disaster relief among others.

Yoshihide Suga
Yoshihide Suga
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Published : Nov 10, 2020, 1:44 PM IST

Tokyo: Japanese Prime Minister Yoshihide Suga instructed his cabinet to form an economic relief package, the third of its kind, to stave off the negative effects of the coronavirus pandemic, media reported Tuesday.

The new budget looks to shore up the country's economic foundations through the first quarter of 2021, although a sum has yet to be estimated, NHK news broadcaster reported.

Read:| Japan PM says country will be carbon-free by 2050

The package will look to address recovery in the job market, new measures to curb the spread of the virus, natural disaster relief among others, the broadcaster reported.

Earlier in the day, Japan's Labor Ministry said that over 70,000 jobs have been lost due to the pandemic so far, despite a government subsidy program to shoulder wage burdens.

Japan appears on track for yet another proliferation in COVID-19 infections with daily new cases hovering around the 1,000 mark. After an initial outbreak in April, the bulk of the infections took place in July and August before subsiding.

Read:| Know Japan's new PM Yoshihide Suga

The East Asian nation has registered over 108,000 cases and 1,818 deaths from the disease so far.

ANI

Tokyo: Japanese Prime Minister Yoshihide Suga instructed his cabinet to form an economic relief package, the third of its kind, to stave off the negative effects of the coronavirus pandemic, media reported Tuesday.

The new budget looks to shore up the country's economic foundations through the first quarter of 2021, although a sum has yet to be estimated, NHK news broadcaster reported.

Read:| Japan PM says country will be carbon-free by 2050

The package will look to address recovery in the job market, new measures to curb the spread of the virus, natural disaster relief among others, the broadcaster reported.

Earlier in the day, Japan's Labor Ministry said that over 70,000 jobs have been lost due to the pandemic so far, despite a government subsidy program to shoulder wage burdens.

Japan appears on track for yet another proliferation in COVID-19 infections with daily new cases hovering around the 1,000 mark. After an initial outbreak in April, the bulk of the infections took place in July and August before subsiding.

Read:| Know Japan's new PM Yoshihide Suga

The East Asian nation has registered over 108,000 cases and 1,818 deaths from the disease so far.

ANI

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