Policy Responses by the Government and the Bank of Japan Governments and central banks around the world have taken countermeasures quite swiftly against the rapid deterioration in the global economy caused by the spread of COVID-19.
In particular, policy measures commonly taken by major countries are as follows: income support measures implemented by the government sector, such as unemployment insurance and cash payments; and support for corporate financing, including loan guarantees and central banks' aggressive funds-supplying measures.