Fiscal Responses to the COVID-19 Crisis in Japan: The First Six Months

Michihito Ando, Chishio Furukawa, Daigo Nakata and Kazuhiko Sumiya

National Tax Journal, 2020, vol. 73, issue 3, 901-926

Abstract: This paper provides an overview of the Japanese government’s response to the COVID-19 crisis in terms of the fiscal measures taken between January and June 2020. As the crisis intensified, the government passed emergency budgets with a total value exceeding 10 percent of gross domestic product. One of the main programs was an unconditional cash transfer for households in the amount of 100,000 JPY (i.e., 909 USD) per resident. In addition, to prevent layoffs and bankruptcies, the government created and expanded various loan and subsidy programs to support firms and workers. Other existing social programs and local economic policies are also reviewed.

Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
https://doi.org/10.17310/ntj.2020.3.12 (text/html)
Access is restricted to subscribers and members of the National Tax Association.

Related works:
Working Paper: Fiscal Responses to the COVID-19 Crisis in Japan: The First Six Months (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ntj:journl:v:73:y:2020:i:3:p:901-926

Access Statistics for this article

National Tax Journal is currently edited by Stacy Dickert-Conlin and William M. Gentry

More articles in National Tax Journal from National Tax Association, National Tax Journal Contact information at EDIRC.
Bibliographic data for series maintained by The University of Chicago Press ().