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3/28, 11:28 AM (Source: TeleTrader)
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Govt preparing 'unprecedented' COVID-19 package - Abe

The Japanese government is preparing a stimulus package in response to the economic impacts of coronavirus that will include fiscal, monetary and tax measures, the country's Prime Minister Shinzo Abe (pictured) said on Saturday.

"We will lay out a stimulus package of unprecedented size that will exceed the one compiled after the Lehman crisis," Abe stated.

Abe noted that Japan was so far able to identify early chains of COVID-19 infections but warned it could find itself in a similar situation to the hardest-hit countries in a "short period."

Breaking the News / MD