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Japan to provide 300,000 yen to cushion against coronavirus income loss

About 10 million households to be eligible for program

Japanese Prime Minister Shinzo Abe. The cash program is a key pillar of the government's emergency economic package.

TOKYO (Kyodo) -- Prime Minister Shinzo Abe and his ruling Liberal Democratic Party agreed Friday that the government will provide 300,000 yen ($2,800) in cash to households suffering from falling incomes amid the spread of the new coronavirus.

LDP policy chief Fumio Kishida disclosed the agreement to reporters following a meeting with Abe. 

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