Economics
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
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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