TOKYO (Kyodo) -- The following is the gist of the emergency economic package approved by Prime Minister Shinzo Abe's Cabinet on Tuesday.
Under the 108 trillion yen ($990 billion) package, the government:
-- provides 300,000 yen in cash for households whose incomes have more than halved or plunged to a resident tax-exempted level.
-- gives families receiving child allowances an additional 10,000 yen per child.
-- provides subsidies of up to 2 million yen to small business owners and medium-sized companies whose earnings have dropped by half or more.
-- fully exempts firms whose sales have fallen over 50 percent from paying taxes such as consumption and property taxes.
-- triples the national stockpile of the antivirus drug Avigan, seen as effective in treating COVID-19, to treat two million people.