Prime Minister Yoshihide Suga’s Cabinet decided Tuesday to disburse ¥1.14 trillion ($11 billion) from reserve funds for fiscal 2020, mainly to increase subsidies for coronavirus pandemic-hit sectors following a one-month extension of the latest emergency declaration.
The funding includes ¥880.2 billion to be given to local municipalities so that they can offer financial aid for restaurants and bars that comply with requests to close early, with state subsidies of up to ¥60,000 per day available.
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