1-MIN READ

Japanese PM Shinzo Abe Pledges 'Unprecedented' Stimulus to Battle Coronavirus Fallout

File photo of Japan Prime Minister Shinzo Abe.

File photo of Japan Prime Minister Shinzo Abe.

The government will compile a supplementary budget for the fiscal year beginning in April in the next 10 days to fund the package, the Prime Minister said.

  • Reuters Tokyo
  • Last Updated: March 28, 2020, 4:05 PM IST
Share this:

Japanese Prime Minister Shinzo Abe said on Saturday his government will compile an unprecedentedly big economic stimulus that will include cash payouts to households and small firms hit by the fallout from the coronavirus pandemic.

"We will lay out a stimulus package of unprecedented size that will exceed the one compiled after the Lehman crisis," Abe told a news conference, adding that the package will include fiscal, monetary and tax measures.

The government will compile a supplementary budget for the fiscal year beginning in April in the next 10 days to fund the package, he added.


Share this:
Next Story
corona virus btn
corona virus btn
Loading