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Japan: Government Response to COVID-19

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An enormous government support program to boost the fast economic recovery from the global health crisis

Ten days after the Abe cabinet announced the state of emergency on 7 April, the Ministry of Land Infrastructure and Tourism (MILT) has issued detailed guidance on “procedures on CRE leasing for building owners during COVID-19.” A variety of other measures to assist the real estate industry then followed, increasing the scale of the policy package over 21% of nominal GDP, compared to 22% in Germany, 19% in U.K. and 14% in United States.   Japan’s government response was a surprise on the upside, encompassing funding, employment and income support to facilitate continued rent payments.  This report discusses national government measures; please contact us for further details on local government measures.

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Japan: Government Response to COVID-19

Download Report