Japan to launch 108 tril. yen stimulus package to blunt virus impact

Prime Minister Shinzo Abe said Monday that the government will implement its largest-ever economic package worth 108 trillion yen ($989 billion) to help households and businesses suffering from the impact of the new coronavirus outbreak.The Cabinet on Tuesday will approve the package that will far eclipse the 56.8 trillion yen emergency package at the time of the 2008 financial crisis, according to sources close to the matter."I decided to carry out the biggest-ever economic package that will be worth 108 trillion yen, which is equivalent to 20 percent of the country's GDP (gross domestic p…READ FULL ARTICLE