Japan approves fresh $1.1 trn stimulus to combat Covid-19 economic fallout


Japanese Prime Minister Shinzo Abe's cabinet approved on Wednesday a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world's third-largest economy deeper into recession.

The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month. The new package takes Japan's total spending to combat the virus fallout to 234 trillion yen ($2.18 trillion), or about.....

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