Economic help extended in Tokyo to support the curtailment of coronavirus

Economic help extended in Tokyo to support the curtailment of coronavirus

Kanako Itamae and Lee Jay Walker

Modern Tokyo Times

The Tokyo Governor Yuriko Koike announced further support to the business community in the capital of Japan. At the same time, in a win-win situation, the economic angle will also assist in containing the coronavirus (Covid-19) crisis in Tokyo.

Since the last week of March, Koike became committed to fully focusing on the growing coronavirus threat after the postponement of the 2020 Tokyo Olympics. This relates to growing infections in the capital and having the biggest death toll in Japan. Therefore, the state of emergency ushered by Abe galvanized the fight in Tokyo, unlike the Governor of Hokkaido who took earlier action than Koike.

About the extension of the state of emergency expressed by Abe, the Governor of Tokyo uttered that it is essential to continue the fight against coronavirus. Indeed, in the last ten to eleven days, apart from a minor blip, the number of infections is coming down in Tokyo.

Koike said, If we let up now, all the efforts that we have made until now will be meaningless. I ask for support and understanding”

Hence, to support businesses including bars, live house venues, and restaurants that dot Tokyo, the local government will provide economic assistance. This policy will also reduce the chance of infections. At the same time, it will enable a speedy recovery to an important sector that is needed by Tokyoites in normal times. Therefore, the criteria of closure will mean financial assistance to vast numbers of businesses.

Koike continued, The next one month will have life-or-death importance.”

Thus, the economic lifeline of 500,000 yen to single owned businesses and 1 million yen to companies running more than one store, will be provided in Tokyo. This is based on closure for the remainder of the month. Therefore, the dual approach of helping companies survive and reducing infections is being implemented in the capital of Japan.

https://stopcovid19.metro.tokyo.lg.jp/en/ – Tokyo Metropolitan Government website for updates about the coronavirus crisis in Tokyo.

https://covid19japan.com/ – Japan regional coronavirus statistics

https://www.worldometers.info/coronavirus/ World coronavirus statistics

PLEASE DONATE TO HELP MODERN TOKYO TIMES

Modern Tokyo News is part of the Modern Tokyo Times group

DONATIONS to SUPPORT MODERN TOKYO TIMES – please pay PayPal and DONATE to sawakoart@gmail.com

http://moderntokyotimes.com Modern Tokyo Times – International News and Japan News

http://sawakoart.com – Sawako Utsumi personal website and Modern Tokyo Times artist

https://moderntokyonews.com Modern Tokyo News – Tokyo News and International News

PLEASE JOIN ON TWITTER

https://twitter.com/MTT_News Modern Tokyo Times

PLEASE JOIN ON FACEBOOK

https://www.facebook.com/moderntokyotimes

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.