Japan offers $930 stimulus payment to all residents

Japan will offer a cash payment of 100,000 yen ($930) to every resident, Prime Minister Shinzo Abe announced Friday, as measures to contain the coronavirus decimate the world's third-top economy. "We are moving quickly to deliver cash to all people," Abe said in a televised news conference to explain his decision to expand a state of emergency nationwide.

An initial plan to provide three times that amount to households, which have seen incomes slashed because of the coronavirus, was ditched and Abe apologised for the confusion. Japan has seen relatively few cases and deaths compared to hotspots in Europe and the United States but a recent spike in Tokyo - which logged a daily record 201 new cases on Friday - has sparked concern.

Abe initially declared a state of emergency in seven regions of the country but expanded this on Thursday to include the entire country. He said this decision was taken in a bid to restrict domestic travel during the Golden Week holidays in late April and early May, when many Japanese leave cities to visit family elsewhere.