Japan declares state of emergency, nearly $1 trillion stimulus for coronavirus


(Worthy News) – Japanese Prime Minister Shinzo Abe on Tuesday declared a state of emergency to fight coronavirus infections in major population centers and rolled out a nearly $1 trillion stimulus package to soften the economic blow.

The state of emergency, giving authorities more power to press people to stay at home and businesses to close, will last a month and be imposed in the capital, Tokyo, and six other prefectures, accounting for about 44% of Japan’s population.

“It is no exaggeration to say that Japan’s economy, and the world economy, is facing the biggest crisis since postwar right now. We will protect the employment and life at all costs,” Abe told a news conference. [ Source: Reuters (Read More…) ]

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