Govt., Ldp Agree On $2,800 Handout Over Outbreak

Govt., LDP agree on $2,800 handout over outbreak

Japan's Prime Minister Abe Shinzo and the main governing Liberal Democratic Party have agreed to give roughly 2,800 dollars to households whose income has fallen to a certain level due to the coronavirus outbreak.

Abe and LDP policy chief Kishida Fumio agreed on the 300,000-yen cash handout on Friday as part of discussions on an emergency economic package.

Ldp Seeks Measures Surpassing 2008 Global Crisis

LDP seeks measures surpassing 2008 global crisis

Japan's ruling Liberal Democratic Party has put together its draft proposals on a stimulus package to cope with the economic impact of the coronavirus pandemic. It calls for measures of a larger scale than those taken during the 2008 global financial crisis.

The draft includes a proposal of 20 trillion yen, or about 186 billion dollars, in fiscal spending and 60 trillion yen, or about 560 billion dollars, for businesses.

Ldp To Postpone Party Convention

LDP to postpone party convention

Officials of Japan's governing Liberal Democratic Party say the party will postpone its convention due to the new coronavirus outbreak.

They say the party will officially announce its postponement on Friday, based on discussions on the matter so far following the spread of infections.

Ldp Lawmaker Admits Donation From Company Tied To 500.com

LDP lawmaker admits donation from company tied to 500.com

A ruling party lawmaker has admitted to receiving a donation of 1 million yen ($9,200) from an executive of a Sapporo tourism company that has been linked with a suspected bribe-offering Chinese company.

However, Toshimitsu Funahashi, a 59-year-old Lower House member of the Liberal Democratic Party, denied accepting any money from the Chinese company, 500.com.