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Coronavirus: Japan unveils US$700 billion in fresh stimulus to tackle pandemic fallout

Japan’s prime minister on Tuesday unveiled more than US$700 billion in fresh stimulus to fund projects from antivirus measures to green tech, the country’s third such package this financial year.The coronavirus pandemic has wrought global economic carnage and countries across the world have announced massive cash injections.Prime Minister Yoshihide Suga said the latest package, worth 73.6 trillion yen (US$708 billion) – including loan schemes and actual government spending of around 40 trillion…

Read the original article at South China Morning Post

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