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Japan PM Abe says fiscal spending under stimulus plan to total 39 trillion yen: Jiji - Metro US

Japan PM Abe says fiscal spending under stimulus plan to total 39 trillion yen: Jiji

Spread of coronavirus disease (COVID-19) in Japan

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said direct fiscal spending under the government’s stimulus package to combat the coronavirus pandemic will total 39 trillion yen ($357 billion), Jiji news agency reported on Tuesday.

Abe pledged on Monday to roll out an unprecedented economic stimulus package worth 108 trillion yen – equal to 20% of economic output – as his government vowed to take “all steps” to battle deepening fallout from the coronavirus.

(Reporting by Leika Kihara; Editing by Chris Gallagher)

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