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The Japanese government will provide JPY400,000 to small firms hit hard due to the coronavirus pandemic, Finance Minister Taro Aso said in a statement on Tuesday.

Additional quotes

“Asking restaurants to close early due to higher COVID-19 risk. “

“Not considering adjusting existing budgets so far.”

Earlier today, Kyodo News Agency reported that Japan is considering an emergency for Aichi, Gifu prefectures after declaring a state of emergency for Tokyo and three other regions last week.

Market reaction

USD/JPY is trading close to daily highs of 104.31 on the above comments, almost unchanged on the day.