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Japan considering stimulus package worth 10% of GDP

25 Mar 2020
Japan's Prime Minister Shinzo Abe (3R) speaks during a meeting of the headquarters for measures against for the COVID-19 novel coronavirus at the Prime Minister's office in Tokyo, March .18, 2020. (AFP)
Japan's Prime Minister Shinzo Abe (3R) speaks during a meeting of the headquarters for measures against for the COVID-19 novel coronavirus at the Prime Minister's office in Tokyo, March .18, 2020. (AFP)
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Updated 25 Mar 2020
25 Mar 2020

Japan’s government is considering a fiscal stimulus package worth roughly 10% of the country’s nominal gross domestic product (GDP) to combat the economic impact of the coronavirus outbreak, the Nikkei newspaper said on Wednesday.

The package, worth more than 56 trillion yen ($503 billion), will include cash payouts to households, the paper said without citing sources.

Reuters

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