Rent subsidy by the government

Preparations are underway to assist businesses that have difficulty paying rent due to the effects of the new coronavirus to cover the rent burden.

In the news on May 4, it was reported that the proposals for rent support measures from the ruling and opposition parties were revealed.

The ruling Liberal Democratic Party (LDP) is planning to put together a government proposal by the 7th in the following direction;

  • If a borrower receives an interest-free, unsecured loan from a financial institution and pays rent from it, the government will compensate the financial institution for the amount equivalent to the rent.
  • The policy is to set the upper limit to the average rent for Tokyo businesses.
  • Target businesses whose sales have fallen by 30% or more in recent months.