[size=36]The Prime Minister of Japan pledges to provide interest-free loans to companies affected by Corona[/size]
, and Abe added on Saturday that the move would be part of a second package of measures that the government plans to announce its details on Tuesday and will include providing Support for workers who need to take time off from work to care for their children as schools close.
"Our priority now with regard to helping the economy will be to protect jobs and keep companies running," Abe said during a government meeting to tackle the outbreak.
“We will introduce strong unconventional measures so that small and medium-sized companies can continue to operate despite the current difficult circumstances.”
Policymakers are under pressure to shore up the Japanese economy, which is on the brink of recession after the closure of schools, the cancellation of public events and the travel ban on retailers across the country.
Abe pledged to focus in the next two weeks on stopping the spread of the virus in Japan after he was criticized for his handling of the crisis. The NHK said on Saturday that the number of cases of corona rose to 1149 cases, including ten new cases in Osaka .
The outbreak comes at a critical time for Japan, raising the specter of negative economic growth during the second quarter of the year as the country prepares to host the Summer Olympics in July and August.
Abe said that the second package of measures will include taking steps to prevent the spread of the virus, strengthening medical support and providing financial assistance to local governments to deal with the impact of school closings. Ended 29 / p