Japan government offers cash payouts to small firms hit hard by coronavirus

[TOKYO] Japan's government will offer 400,000 yen (S$5,100) cash payouts to small firms that suffer sales loss by half or more and 200,000 yen for individuals who face a similar extent of sales loss due to shorter hours over the coronavirus pandemic, Finance Minister Taro Aso said.

There was no need to rejig state budgets that have already been compiled to fund the latest measures to ease the pain of the health crisis, Mr Aso told reporters after a cabinet meeting.

REUTERS