Economics

Japan Set for Biggest-Ever Stimulus to Battle Virus, Abe Says

Prime Minister will seek to submit extra budget in 10 days
Abe says no need to declare emergency now, sees long battle

Pedestrians wearing protective masks walk past shops in the Shibuya district of Tokyo on March 26. — Pedestrians wearing protective masks walk past shops in the Shibuya district of Tokyo on March 26.
Photographer: Kiyoshi Ota/Bloomberg

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By Isabel Reynolds

March 28, 2020 at 9:55 AM UTC

Updated on

March 28, 2020 at 11:28 AM UTC

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Japanese Prime Minister Shinzo Abe said he plans to submit an extra budget in about 10 days to help fund an unprecedented economic stimulus package, while warning residents to prepare for a long battle against the coronavirus pandemic.