Japan approves nearly $1 tril. package to cushion coronavirus impact

Japan's Cabinet approved a largest-ever 108 trillion yen ($990 billion) stimulus package on Tuesday to help struggling households and businesses survive the impact of the new coronavirus outbreak.Prime Minister Shinzo Abe has said the package includes fiscal measures worth about 39 trillion yen to implement steps such as 6 trillion yen worth of cash handouts to households and small companies, and tax and social security payment deferments for businesses worth 26 trillion yen.The stimulus measures came with the declaration of a state of emergency by Abe earlier in the day, as Japan braces fo…READ FULL ARTICLE