KAS Japan Weekly COVID-19 Updates

On April 27th, the Government of Japan finally submitted emergency economic package to the National Diet. Japanese economy will keep facing economic challenges. Further measures to be taken by the country. Key messages include: 1) The Bank of Japan made a fiscally bold decision to abolish its cap to buy national bonds. 2) Political parties are figuring out how to fund rent expenses for SMEs. The oppositions are steps ahead. 3) The Government further upgrades its financial support to SMEs by paying practically 100% of leave allowances under certain conditions.