742 bil. yen in reserve funds added to subsidies for restaurants in Japan

Japan's Cabinet decided Friday to use 741.8 billion yen ($7.15 billion) in reserve funds for fiscal 2020 to increase subsidies for restaurants and bars cutting business hours following the latest emergency declaration over the resurgent coronavirus pandemic.The funding will be provided so that municipalities can offer financial support to operators more easily in return for complying with local requests to shorten their hours, with state subsidies of up to 60,000 yen per day available.The government increased the upper limit of the subsidy from 40,000 yen when Prime Minister Yoshihide Suga …READ FULL ARTICLE