The government is considering a fresh relief package worth over ¥100 trillion that will consist mostly of financial aid programs for companies hit by the coronavirus pandemic, the Nikkei newspaper said on Monday.
The package, to be funded by a second extra budget planned for fiscal 2020, which began in April, would follow a record ¥117 trillion spending plan deployed last month to cushion the economic blow from the pandemic.
The move would be the latest effort to support an economy headed for its deepest slump in postwar history as the pandemic crushes businesses and consumer spending.