Japan economic package to deal with epidemic to top 30 tril. yen

The Japanese government and the ruling coalition are considering an emergency economic package totaling more than 30 trillion yen ($270 billion) to cushion the impact of the coronavirus outbreak, sources close to the matter said Sunday.The expected sum includes spending by the private sector. The spending by the government for the planned stimulus is likely to surpass 15 trillion yen, the sum the government spent in an economic package in the wake of the global financial crisis sparked by the 2008 failure of Lehman Brothers Holdings Inc.The new package could involve providing cash and gift …READ FULL ARTICLE