Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Denmark 03 03 - Direct long-term lending DKK 1,500,000,000 222,073,276
Denmark 03A 03A - Long-term lending DKK 1,500,000,000 222,073,276 OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 15 April 2020).

March 19, DKK1.5 billion expected increase in the utilization of Danish students’ Loan Scheme that was temporarily extended.

Denmark 03B 03B - Forbearance DKK
Denmark 05 05 - Health and income support DKK 270,037,000,000 39,978,667,523
Denmark 05A 05A - Health support DKK 2,350,000,000 347,914,799 OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 30 April 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 10 June 2020). Denmark government. https://sim.dk/nyheder/nyhedsarkiv/2020/jul/kommunerne-faar-8-9-mia-kr-ekstra-udbetalt-efter-covid-19/ (accessed 2 July 2020)

(i) March 30, DKK150 million in subsidies provided to health research specifically related to COVID-19; (ii) Recently an additional DKK 0.8 billion has been allocated to hire more social and health workers nationwide; (iii) July 1, DKK1.4 billion disbursed to municipalities for protective equipment and extra cleaning.

Denmark 05B 05B - Income support DKK 267,687,000,000 39,630,752,723 OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 30 April 2020). https://bm.dk/nyheder-presse/pressemeddelelser/2020/06/alle-foraeldre-faar-ret-til-et-halvt-aars-sorgorlov/ (accessed 18 June 2020). https://bm.dk/nyheder-presse/nyheder/2020/06/oversigt-disse-personer-er-berettigeret-til-engangstilskud-paa-1000-kr/ (accessed 18 June 2020). Denmark government. https://sim.dk/nyheder/nyhedsarkiv/2020/jul/kommunerne-faar-8-9-mia-kr-ekstra-udbetalt-efter-covid-19/ (accessed 13 August 2020). European Commission. https://www.eureporter.co/frontpage/2020/08/04/commission-approves-cohesion-policy-funds-redirection-to-mitigate-the-impact-of-coronavirus-in-denmark-and-near-the-hungarian-slovakian-border (accessed 6 July 2020)

(i) March 10, DKK32.5 billion liquidity effect of deferral of monthly VAT payments for large firms; (ii) March 12, No amount/estimate: Short-time Work Scheme made more flexible; (iii) DKK10 million for upskilling of dismissed employees; (iv) DKK1.7 billion sickness benefit reimbursement available from 27 February to 1 January 2021; (v) March 26, DKK1.1 billion liquidity effect of deferral of property taxes; (vi) DKK2.5 billion frontloading of investments in e.g. energy renovation and similar initiatives in municipalities; (vii) March 26, DKK6.5 billion frontloading of payment by local governments to firms; (viii) March, DKK74 billion liquidity effect of deferral of income tax payment and labor market contributions; (ix) April 1, DKK300 million compensation scheme to event organizer companies extended; (x) April 7, DKK1.2 billion for a range of minor support schemes established to support agents and businesses with cultural activities, sports and private education; (xi) April 18, DKK6 billion for the Job Retention Scheme available from 9 March to 8 July 2020. Take-up rate around 5% of the labour force (150,000 employees) on 19 April; (xii) April 18, DKK277 million for increased access to unemployment and sickness benefits. As of June 5, the wage compensation has been extended to August 29; (xiii) April 18, DKK65.3 billion compensation scheme for companies’ fixed costs available for the period 9 March to 8 July; (xiv) April 18, DKK14.3 billion compensation scheme for self-employed; (xv) April 18, DKK350 million for Innovation and Sustainable Growth in Business Scheme to support new projects. As of August 5, the European Commission has approved the extension of this program to help affected companies restructure and consolidate themselves. The modification will also improve cooperation between large companies and SMEs in green transition; (xvi) April, DKK35.4 billion VAT payments already made for second half and last quarter of 2019 are made available as interest free loans; (xvii) April, DKK5 billion liquidity impact of deferral of provisional taxes for self-employed; (xviii) May 14, No amount/estimate: Increased holiday and time-off benefits for students, apprentices, and trainees; (xix) May 20, Established a pool of DKK20 million to sponsor collegiate, cultural, and sporting activities for vulnerable and elderly citizens during the coronavirus crisis. The pool is managed by the Ministry of Culture's Palace and Culture Board; (xx) May 26, No amount/estimate: Relaxed requirements to receive pension and unemployment benefits; (xxi) May 26, No amount/estimate: Frozen holiday funds must be paid out by employers by September 1, 2020; (xxii) May 28, DKK18 billion from further VAT deferrals for medium-sized firms; (xxiii) No amount/estimate: June 4, Banned predatory mortgage loan providers, and created rules to facilitate settlement of those loans; (xxiv) No amount/estimate: June 15, Announced a one-time grant of DKK1,000 to be paid to beneficiaries who were fully or partially publicly supported by a public income transfer in the month of April; (xxv) No amount/estimate: June 15, Gives six months' grief leave to all parents who lose a child under the age of 18; (xxvi) No amount/estimate: Extended deadlines for Danish municipalities and regions to prepay deliveries worth DKK1 million (minus value added taxes) or less; (xxvii) DKK700 million summer fiscal package for the tourism, transportation, athletics, and culture sectors; (xxviii) No amount/estimate: Extend the suspension of the 225-hour rule for cash beneficiaries until September 8, 2020; (xxix) DKK730 million for increased unemployment benefits - unemployed people over 30 years will be entitled to take a vocational education of 110% unemployment benefit; (xxx) July 1, DKK7.5 billion disbursed to municipalities for transfer costs, employment grants, and other non-health expenditures. The other 1.4 billion of the 8.9 billion total package can be found in (iii) of Measure 5A; (xxxi) July 13, The European Commission has approved two Danish schemes to support self-employed workers and freelancers affected by the coronavirus outbreak: (a) DKK500 million for self-employed workers active in all sectors of the economy except the financial sector; (b) DKK200 million for self-employed workers and freelancers whose yearly income is strongly dependent on delivering goods or services linked to large events, which were initially planned for the summer of this year but had to be cancelled or postponed due to the emergency measures put in place by the Danish government to limit the spread of the coronavirus; (xxxii) July 14, DKK1.1 billion to compensate fixed costs of companies whose activities are still subject to the restrictive measures implemented by the Danish Government to limit the spread of the coronavirus. As of August 7, this measure has been extended to August 29 for companies which are still not allowed to open under the current rules.

Japan 03 03 - Direct long-term lending JPY
Japan 03A 03A - Long-term lending JPY IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 6 May 2020)

Concessional loans from public and private financial institutions (included in the amount of the Emergency Economic Package Against COVID-19; see Measure 5).

Japan 03B 03B - Forbearance JPY
Japan 05 05 - Health and income support JPY 243,400,000,000,000 2,268,557,353,039 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 6 May 2020); Prime Minister of Japan and His Cabinet. https://japan.kantei.go.jp/ongoingtopics/ (accessed 13 April 2020); Prime Minister of Japan and His Cabinet. https://japan.kantei.go.jp/ongoingtopics/COVID19Response/COVID19April7EEM.pdf (accessed 13 April 2020); Prime Minister of Japan and His Cabinet. https://japan.kantei.go.jp/98_abe/statement/202004/_00002.html (accessed 24 April 2020). WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 21 May 2020). Cabinet Public Relations Office. http://japan.kantei.go.jp/98_abe/actions/202005/_00010.html (accessed 22 May 2020). Reuters. https://www.reuters.com/article/us-health-coronavirus-japan-stimulus/japan-approves-fresh-1-1-trillion-stimulus-to-combat-pandemic-pain-idUSKBN2323D3; https://www.reuters.com/article/us-health-coronavirus-japan-stimulus-fac/factbox-key-spending-in-japans-second-stimulus-package-of-1-1-trillion-idUSKBN2330GG?il=0 (accessed 27 May). The Japan Times. https://www.japantimes.co.jp/news/2020/06/12/national/extra-budget-coronavirus/#.XuMz8EUzZPY (accessed 12 June 2020). Nikkei Asian Review. https://tinyurl.com/y6rptmr8 (accessed 21 July 2020).

(i) April 7, The Government of Japan adopted the Emergency Economic Package Against COVID-19 of JPY117.1 trillion (21.1% of gross domestic product [GDP]) and subsumed the remaining part of the previously announced packages (the December 2019 stimulus package (passed in January 2020) and the two COVID-19-response packages announced on February 13 and March 10, respectively). The April package aims at five objectives: (a) Develop preventive measures against the spread of infection and strengthen treatment capacity (expenditure of 0.5% of GDP); (b) Protect employment and businesses (15.1% of GDP); (c) Regain economic activities after containment (1.6% of GDP); (d) Rebuild a resilient economic structure (3% of GDP); and (e) Enhance readiness for the future (0.3% of GDP; the key measures under the package comprise cash handouts to affected households and firms, and deferral of tax payments and social security contributions). (ii) As of April 17, cash payment of JPY100,000 per person will be given to all citizens nationwide, from previously planned JPY300,000 to each household in need whose income has declined significantly so that the total amount of cash payments will expand significantly, from the scale of JPY6 trillion to more than JPY14 trillion. (iii) May 14, The government announced another set of new measures to be included in the formulation of the second supplementary budget: (a) enhance the Employment Adjustment Subsidies by raising the maximum payment to 15,000 yen per day as a special measure and establish a new scheme that allows employees themselves to directly apply for and receive the money; (b) establish a new assistance scheme to further reduce rents, a fixed cost that is posing a major burden on micro-, small- and medium-sized business operators (SMEs); (c) establish a new mechanism for supporting students, including university students; (d) with government outlays, cover the total expenditure of the comprehensive support subsidy for medical systems and increase the amount significantly; and (e) provide adequate liquidity support for large companies and those relatively smaller ones, in addition to small- and medium-sizes enterprises. We will also implement measures to strengthen financial functions such as increasing the allocation of special lending by the Japan Finance Corporation and crisis response lending by the Development Bank of Japan, as well as strengthen the financial base with capital funds including subordinated loans. (iv) May 19, Exemption of customs duty and (domestic) consumption tax for imported goods which are proved to be provided free of charge. (v) June 12, Parliament enacted the second supplementary budget worth JPY31.91 trillion which includes financial assistance to medical staff, and small firms and single proprietors. These direct spending measures are part of the JPY117 trillion stimulus package approved by the Cabinet on May 27 which brings the total amount of stimulus from all economic packages to JPY234 trillion (over 40% of GDP). (vi) JPY1.3 trillion in domestic tourism subsidies aimed at helping coronavirus-battered local economies.

Japan 05A 05A - Health support JPY
Japan 05B 05B - Income support JPY
Denmark 03 03 - Direct long-term lending DKK 1,500,000,000 222,057,735
Denmark 03A 03A - Long-term lending DKK 1,500,000,000 222,057,735 OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 30 April 2020).

March 19, DKK1.5 billion expected increase in the utilization of Danish students’ Loan Scheme that was temporarily extended.

Denmark 03B 03B - Forbearance DKK
Denmark 05 05 - Health and income support DKK 138,460,000,000 20,497,409,326
Denmark 05A 05A - Health support DKK 150,000,000 22,205,774 OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 30 April 2020).

30 March, DKK150 million in subsidies provided to health research specifically related to COVID-19.

Denmark 05B 05B - Income support DKK 119,810,000,000 17,736,491,886 OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 30 April 2020).

(i) March 10, DKK32.5 billion liquidity effect of deferral of monthly VAT payments for large firms; March 12, (ii) No amount/estimate: Short-time Work Scheme made more flexible ; (iii) DKK10 million for upskilling of dismissed employees; (iv) DKK1.7 billion sickness benefit reimbursement available from 27 February to 1 January 2021; March 26, (v) DKK1.1 billion liquidity effect of deferral of property taxes; (vi) DKK2.5 billion frontloading of investments in e.g. energy renovation and similar initiatives in municipalities; (vii) March 26, DKK6.5 billion frontloading of payment by local governments to firms; (viii) March, DKK74 billion liquidity effect of deferral of income tax payment and labor market contributions; 1 April (ix) DKK300 million compensation scheme to event organizer companies extended; (x) April 7, DKK1.2 billion for a range of minor support schemes established to support agents and businesses with cultural activities, sports and private education [update as of 30 April].

Japan 03 03 - Direct long-term lending JPY
Japan 03A 03A - Long-term lending JPY IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020).

Concessional loans from public and private financial institutions (included in the amount of the Emergency Economic Package Against COVID-19 of JPY108.2 trillion).

Japan 03B 03B - Forbearance JPY
Japan 05 05 - Health and income support JPY 108,200,000,000,000 1,008,454,829,905 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020); Prime Minister of Japan and His Cabinet. https://japan.kantei.go.jp/ongoingtopics/ (accessed 13 April 2020); Prime Minister of Japan and His Cabinet. https://japan.kantei.go.jp/ongoingtopics/COVID19Response/COVID19April7EEM.pdf (accessed 13 April 2020).

April 7, The Government of Japan adopted the Emergency Economic Package Against COVID-19 of JPY108.2 trillion (20% of gross domestic product [GDP]) and subsumed the remaining part of the previously announced packages (the December 2019 stimulus package (passed in January 2020) and the two COVID-19-response packages announced on February 13 and March 10, respectively). The April package aims at five objectives: (i) Develop preventive measures against the spread of infection and strengthen treatment capacity (expenditure of 0.5% of GDP); (ii) Protect employment and businesses (15.1% of GDP); (iii) Regain economic activities after containment (1.6% of GDP); (iv) Rebuild a resilient economic structure (3% of GDP); and (v) Enhance readiness for the future (0.3% of GDP). The key measures comprise cash handouts to affected households and firms, and deferral of tax payments and social security contributions.

Japan 05A 05A - Health support JPY
Japan 05B 05B - Income support JPY