Emergency economic measures to be formulated to exceed Lehman time

With the spread of the new coronavirus, Prime Minister Abe has announced a policy to formulate an emergency economic measure larger than the time of the Lehman Shock, formulate a supplementary budget draft for the new fiscal year, and to give cash payments Did. Regarding cash payments, benefits are expected to be adjusted in the future for households whose income may decrease and their lives may be difficult.

In response to the economic situation that has been seriously affected by the spread of the new coronavirus, Prime Minister Abe has formulated an emergency economic measure larger than that of the 2008 Lehman Shock on May 26, and revised the new fiscal year He indicated his policy on formulating a budget proposal and clarified his idea of ​​providing cash.

In terms of economic measures, the next 10 days will be focused on five measures, including measures to prevent the spread of infection and the development of medical provision systems, maintenance of employment and continuation of business, and the establishment of contingency for measures against new types of coronavirus. Instructed to put together.

Regarding cash payments, Minister for Economic Revitalization Nishimura stated that "the first step is to provide proper support to those affected by income," which may reduce income and make living difficult. It is expected that benefits will be adjusted for households in the future.

In addition, small- and medium-sized businesses will be able to receive interest-free loans from private financial institutions, and for the first time will establish a new benefit system.

Meanwhile, the government's task force has decided on a “basic response policy” and has established legal procedures for making a “declaration of emergency”.

In this connection, Prime Minister Abe stated that despite the fact that he had not yet made a "declaration", he could not foresee the end of the period, and recognized that the brink would continue and that a long-term war would be undertaken.

In the meantime, as the number of infected people surges in Tokyo and elsewhere, the government will listen to the opinions of the Experts Meeting this week and make another decision when schools are reopened from the new semester.