COVID-19: Japan approves $993bn stimulus package

Japan's Prime Minister Shinzō Abe.

Japan’s government has approved an emergency economic stimulus package worth 108.2 trillion yen ($993 billion), with fiscal spending of 39.5 trillion yen, aimed at battling the deepening fallout from the coronavirus, government officials said.

In the package, the government referred to the pandemic as the “biggest crisis” the global economy has faced since World War II.

Japanese Prime Minister Shinzō Abe declared an emergency for Tokyo and its surrounding regions, after a recent surge in the number of confirmed coronavirus cases in the metropolis sparked alarm.

Amaka E. Nliam