130bnplus

Abe presses ahead with $130bn-plus cash handout in May

TOKYO — As Japan’s state of emergency due to the coronavirus pandemic is expanded to the entire country, the government is set to hand out a total of 14 trillion yen ($130 billion) to residents “as soon as possible,” Prime Minister Shinzo Abe told media at a news conference on Friday.

The plan will see the government give a cash handout of 100,000 yen ($930) to every resident, regardless of income and age, to lessen the economic blow from the coronavirus outbreak.

It follows the withdrawal of an earlier proposal, under which it planned to give 300,000 yen to qualifying

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