Spread of new coronavirus infection Economic measures in each country are March 26 at 19:59
In response to concerns about the economic downturn caused by the spread of the new coronavirus, countries have come up with mechanisms to provide benefits to people who have taken leave of absence and other measures to support companies.
China
In China, the social security bureau of the Ministry of Finance of China has been unable to resume business activities, mainly for small and medium-sized enterprises, on March 3, and the burden of corporate pensions and unemployment insurance, etc., is about RMB510 billion. , Said that they took measures to reduce the Japanese yen by over 7.9 trillion yen.
We are also strengthening support for the unemployed, including providing unemployment subsidies for six months to those who do not qualify for unemployment insurance.
America
The Trump administration in the United States is planning an urgent economic measure this month, worth $ 2 trillion or ¥ 220 trillion in Japanese yen, and is being discussed in parliament.
This is far more than the emergency measures in the event of the 2008 Lehman Shock, measures to provide individuals with up to $ 1200 in cash and approximately 130,000 yen in Japanese yen, as well as funds for the aviation industry and small and medium-sized businesses. Support is included.
England
Going out has been virtually banned in the UK, measures have been taken to close all stores except supermarkets and pharmacies, and there has been a growing movement among businesses to suspend business.
For this reason, the government has decided to give up 80% of employee wages to £ 2,500 per month, up to around 330,000 yen, to maintain employment. In addition, we have launched a £ 330 billion, 43 trillion yen cash flow support program.
Germany
Germany has put together a 750 billion euro, approximately 90 trillion yen measure.
It guarantees € 400 billion in debt to large companies, spends € 100 billion on companies, and finances another € 100 billion to government-run financial institutions that support businesses.
In addition, we will provide a maximum of 15,000 euros or approximately 1.8 million yen in three months to businesses with less than 10 employees who are unable to manage their business as usual. Along with this, we will issue deficit-generating government bonds worth 156 billion euros, or about 18.8 trillion yen in Japanese yen.
Germany has maintained balanced finances under the Merkel administration, but it has issued deficit-financing bonds for the first time in seven years, forcing a change in basic policy.
Korea
In South Korea, President Moon Jae-in has announced a financial support measure totaling 100 trillion won and about 9 trillion yen in Japanese yen, helping companies raise cash through corporate bond purchases and other measures to prevent bankruptcy. is.
In addition, 90% of employees' leave allowances will be paid as "employment maintenance support money" to companies that have suspended operations for more than a month due to the effects of the new coronavirus, and employees will have to be isolated and hospitalized. If paid leave is taken, a maximum of 130,000 won per person per day, or approximately 12,000 yen, will be provided to the company.