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© KYODOCabinet to spend ¥549.2 bil in reserve funds on virus subsidies
TOKYO©2024 GPlusMedia Inc.
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© KYODO
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since1981
This is great as long as it doesn’t wind up in the pockets of corrupt politicians and executives. So many people have lost theIr income and really need the money.
kurisupisu
So, more travel and eating campaigns then?
dagon
I wonder how much of that will eventually trickle down to the public? For example, those who lost jobs or business in the unenforced shutdown early on the crisis and for whom payroll protection would be of no help.
obladi
I'm actually worried they are spending too much. Not just the subsidies, but huge payouts for research that probably has nothing to do with vaccine discovery.
Nihonview
"So, more travel and eating campaigns then?"
If it helps the mom and pop business, why not?
Nihonview
"The government set aside 86.0 billion yen to put toward an existing subsidy program aimed at encouraging domestic manufacturers to reshore their overseas production bases. The push to bring business activity back to Japan is intended to help shore up supply chains in case of emergencies."
Good. Japan need to bring these jobs back to Japan. The government needs to spend more and bring all our production back from China.
kurisupisu
But it doesn’t help those small businesses, does it, the large ones benefit.
Nihonview
"But it doesn’t help those small businesses, does it, the large ones benefit."
So when I use my Go to eat coupon at the mom and pop ramen shop. It doesn't help them?
When I use my go to travel coupon to stay at local inn and spend money in the local economy it does not help them?
Please explain. Please use economics if you can.
Kobe White Bar Owner
the Is a false positive. Once that money has gone the contraction will be worse than ever. Throwing it around in my opinion.
JeffLee
Japan has no right to castigate the US and other countries of being "protectionist" or anti-globalization.
itsonlyrocknroll
¥549.2 bil..... magic money does not fall from a tree..
Next generation has to foot the bill
Jtsnose
[in the photo] what is "Ranagi no ~ " ?
Brian Wheway
I wonder if the telecommunications companies are plowing money into new networks systems, so people can work from home more, and if so is the government financially backing them?
If workers are going to be working from home more this could be beneficial to the economy, since office worker wont go home until the boss goes home and then they all go out drinking, if the workers at home he can spend more time with his wife and kids, or if they dont have any, may be they will because hes at home! he wont be having to obey office rules about the boss going home.
we've noticed here in the UK that there is a lot of large office space coming up for rent as companies are now down sizing as the bosses have realised that they can save 30-40% on office rent, less heating, less lighting, less water machines, thus making the co more profit, or more competitive, office workers are better off, no commuting, on the odd occasion they might have to go into the office, less time stuck in traffic, the car is not requiring 3 services a year, just one, saving on tyre and repairs, more flexible time at home.
fxgai
pwhat?
I don’t want government loons spending borrowed money on what they deem to be “investment”.
The free market will figure out what to invest in far better than the vested interest laden politicians can. Once they get the fingers out of everything then perhaps we might see some economic growth.
Hideomi Kuze
This spending is only response for economy or employment.
Suga government who underestimate Covid-19 has no interest to expand medical resource despite immediate before season of low temperature and low humidity.
Richard Gallagher
The yen is a fiat currency. It can be employed to pump-up the economy and easily offset.
serendipitous1
Always good to have a few trillion up your sleeve.