Japan to subsidize 100% of salaries at small companies

[theaocp]

TOKYO -- Japan is working on a subsidy to ensure that temporarily idled small-business employees receive 100% of their wages during the current state of emergency, Nikkei has learned.

The Ministry of Health, Labor and Welfare plans to use an existing employment adjustment subsidy, which helps enterprises seeing no choice but to temporarily lay off workers continue to pay them, at least in part.

As things stand, laid-off workers at companies that have halted operations are entitled to at least 60% of their regular pay. The government shoulders up to 90% of this to keep them from being dismissed outright, with the company chipping in the other 10%.

Many employers try to save money by sticking to the 60% minimum and asking the government to pay 90% of it.

Read more at: https://asia.nikkei.com/Economy/Japan-to-subsidize-100-of-salaries-at-small-companies

[Victor_c3]

1. I wonder how quickly economic recovery will go for countries that offer such robust stimulus

To their workers?

I’ll gander they’ll recover much faster than we do, despite the republican desire to keep workers hungry and poor so they’ll be eager to get back to work.