Tokyo starts doling out cash to businesses closed due to coronavirus

The Tokyo metropolitan government on Monday started compensating small and medium-sized businesses that had suspended operations through last week amid the coronavirus pandemic.Subsidies for businesses and nonprofit organizations shut between April 16 and last Wednesday are worth 500,000 yen ($4,700) for single-shop owners, and 1 million yen for operators of multiple sites.The metropolitan government, which began accepting applications from April 22, had completed screening procedures by Sunday in the quickest cases.It expects up to 130,000 applications by the June 15 deadline and has recei…READ FULL ARTICLE