Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

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The 117 trillion yen stimulus, which will be funded partly by a second extra budget, will be on top of another 117 trillion packages already rolled out last month.

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

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The new package puts the total amount Japan spends to combat the virus fallout at 234 trillion yen ($2.18 trillion)- roughly 40% of Japan’s gross domestic product.

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The combined spending would also be among the largest fiscal packages to deal with the coronavirus in the world, approaching the size of the United States’ $2.3 trillion aid program.

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Source : BBC | Photocredit : Google

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