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Subscriber OnlyMarketsEconomicsJapan’s Virus Stimulus Package To Come in Two PhasesPackage makes up 20% GDP, gives $55 billion in cash handoutsAbe declares state of emergency for Tokyo, six othersJapan’s Abe Set to Declare State of Emergency, Reports SayByYuko Takeo and Yoshiaki Nohara+FollowApril 6, 2020, 2:19 AM UTCUpdated onApril 6, 2020, 10:56 AM UTCPrime 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
