Home Current News Japan’s Abe vows unprecedented stimulus as Tokyo virus cases rise

Japan’s Abe vows unprecedented stimulus as Tokyo virus cases rise

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Japan's Abe vows unprecedented stimulus as Tokyo virus cases riseJapan’s Prime Minister Shinzo Abe on Saturday promised an unprecedented package of steps to cushion the world’s third-biggest economy from the coronavirus pandemic, saying the country was close to a national emergency as infections surged. Abe said the “huge, powerful” measures will include fiscal stimulus, monetary steps and tax breaks for companies, though the details have not been finalized. Infections in Japan have climbed to more than 1,500, with 52 deaths, excluding those from a cruise ship quarantined last month, according to public broadcaster NHK.

Source: yahoo.com/news