Skip to content
Subscriber Only

Japan’s Virus Stimulus Package To Come in Two Phases

  • Package makes up 20% GDP, gives $55 billion in cash handouts
  • Abe declares state of emergency for Tokyo, six others
Bloomberg business news
Japan’s Abe Set to Declare State of Emergency, Reports Say
Updated on

Prime Minister Shinzo Abe announced a 108 trillion yen ($989 billion) stimulus package, Japan’s largest ever, to rescue the coronavirus-hit economy with Tokyo and six other economic hubs set to be put in a state of emergency.

Japan’s Abe Moves to Declare Emergencies in Tokyo, Osaka Areas