Japanese Chief Cabinet Secretary Yoshihide Suga, widely expected to become prime minister next week, said on Saturday he will consider topping up payouts to households and companies to cushion the economic blow from the coronavirus pandemic.
FILE PHOTO: Japan's Chief Cabinet Secretary Yoshihide Suga waves after a debate for the ruling Liberal Democratic Party's leadership election at the party's headquarters in Tokyo, Japan, Sept. 9, 2020. Kimimasa Mayama/Pool via REUTERS/File Photo
“If economic woes deepen, we will do whatever it takes and deploy further steps to protect jobs and businesses,” Suga said. Rival candidate Shigeru Ishiba said the Bank of Japan should not make any immediate changes to its ultra-easy monetary policy, as doing so would destabilise markets.But he said the central bank should reexamine its policy framework in the long run to adapt to structural changes in Japan’s society, without elaborating.
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Japan's Suga says ready to top up payouts to ease COVID-19 painJapan's Chief Cabinet Secretary Yoshihide Suga, widely expected to become prime minister next week, said on Saturday he will consider topping up payouts to households and companies to cushion the economic blow from the COVID-19 pandemic deepens.
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