TOKYO: Japanese Prime Minister Shinzo Abe on Tuesday (Apr 7) declared a state of emergency to fight new COVID-19 infections in major population ...
That exceeds the 11 per cent of US output for the stimulus package laid out by President Donald Trump and 5 per cent of output for Germany's package.
Coronavirus infections in Tokyo more than doubled to about 1,200 in the past week, with more than 80 new ones reported on Tuesday, accounting for the highest number in the country. Nationwide, cases have climbed past 4,000 with 93 deaths as of Monday. Other essential infrastructure like mail and utilities would operate, as will ATMs and banks, public broadcaster NHK said.READ: Sumo tournaments postponed as Japan coronavirus cases spread
Japan will sell a record amount of additional bonds worth more than 18 trillion yen to fund the package, adding to its huge debt which is twice the size of its economy.
Singapore Latest News, Singapore Headlines
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