Japan OKs use of Y1.13 trillion in reserve funds to fight pandemic
Japan Times -- Aug 07
The Cabinet on Friday earmarked ¥1.13 trillion in reserve funds to continue measures to cushion the impact of the coronavirus pandemic.

Of the total, ¥915 billion will be allocated to a cash benefit program of up to ¥2 million each to small and midsize firms that have seen a sharp drop in sales due to social restrictions implemented to slow the virus’s spread.

For households whose income has fallen sharply, the government will allocate ¥177.7 billion for a no-interest loan program providing up to ¥200,000.

To beef up quarantine steps such as conducting polymerase chain reaction (PCR) tests for visitors from foreign countries, the government will set aside ¥33 billion.

The latest money comes in addition to a total of ¥11.5 trillion in reserve funds already dedicated by the government to the fight against the pandemic, which were part of the first and second supplementary budgets for fiscal 2020 .

政府は7日朝の閣議で、新型コロナ対策として予備費1兆1257億円の支出を決定しました。  麻生財務大臣:「総額1兆1257億円の新型コロナ対策予備費の使用を閣議決定した」  予備費の内訳は中小企業などを支援する「持続化給付金」の追加分として9150億円、収入が減った世帯への「緊急小口資金」などの特例貸し付けに1777億円となっています。予備費は国会の承認なしに政府が使い道を決めることができ、新型コロナ対策として今年度の補正予算に11兆5000億円が計上されています。政府は7日、衆参の予算委員会の理事懇談会で予備費の使用について説明することにしています。
News sources: Japan Times, ANNnewsCH
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