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Japan prepares to hand out cash to parents

Prime Minister Abe starts work on package hours after $10bn stimulus passes

With schools across Japan closed, children whose parents cannot stay home with them study at an elementary school on March 6. (Photo by Kosaku Mimura)

TOKYO -- One day after passing a 1 trillion yen ($9.6 billion) financial aid package for businesses and families suffering from the coronavirus outbreak, Japan's government began planning fresh stimulus measures for April as it turns ultra-aggressive toward a looming recession, Nikkei has learned.

The expenditures being prepared for next month include cash payments to households with parents who are forced to stop working due to temporary school closures.

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