Global Trade Alert
Global Trade Alert

Japan: METI announces additional support to companies during the 2020 fiscal year in the context of the COVID-19 pandemic (June 2020)

Announcement

12 Jun 2020

In June 2020, the budget for the 2020 fiscal year of the Ministry of Economy, Trade and Industry was amended for a second time, increasing the budget and introducing new several measures to support the economy in the context of the COVID-19 pandemic.

Source

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Number of interventions

9

9 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

12 Jun 2020

Revocation date:

No revocation date

State loan

On 12 June 2020, the Ministry of Economy, Trade and Industry (METI) of Japan allocated an additional budget of JPY 5.6 trillion (USD 51.9 billion) for the subsidised and interest-free loans provided t...

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Interest payment subsidy

On 12 June 2020, the Ministry of Economy, Trade and Industry (METI) of Japan allocated an additional budget of JPY 3.2 trillion (USD 30.2 billion) for the interest payment subsidy scheme to support co...

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Capital injection and equity stakes (including bailouts)

On 12 June 2020, the Ministry of Economy, Trade and Industry (METI) of Japan allocated JPY 1.2 trillion (USD 11.6 billion) in equity support for SMEs in the context of the COVID-19 pandemic. The suppo...

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Interest payment subsidy

On 12 June 2020, the Ministry of Economy, Trade and Industry (METI) of Japan allocated JPY 890.5 billion (USD 8.3 billion) for the "Crisis Response Operations" scheme. The scheme will be implemented t...

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Capital injection and equity stakes (including bailouts)

On 12 June 2020, the Ministry of Economy, Trade and Industry (METI) of Japan allocated JPY 890.5 billion (USD 8.3 billion) for the "Crisis Response Operations" scheme. The scheme will be implemented t...

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Financial grant

On 12 June 2020, the Ministry of Economy, Trade and Industry (METI) of Japan allocated an additional budget of JPY 1.9 trillion (USD 18.1 billion) for the "Sustainability Benefits" scheme. The scheme,...

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Financial grant

On 12 June 2020, the Ministry of Economy, Trade and Industry (METI) of Japan allocated JPY 2 trillion (USD 18.9 billion) for the financial grants scheme to reduce the burden of leasing rents of SMEs i...

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Financial grant

On 12 June 2020, the Ministry of Economy, Trade and Industry (METI) of Japan allocated an additional budget of JPY 100 billion (USD 931.5 million) for the special frame for SMEs under the "Productivit...

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Financial grant

On 12 June 2020, the Ministry of Economy, Trade and Industry (METI) of Japan allocated JPY 2.2 billion (USD 20.6 million) for the subsidy scheme to support the production of rapid diagnostic (antigen)...

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