World News

Japan’s $1 trillion coronavirus stimulus to lift GDP by 3.8%: Abe

TOKYO (Reuters) – Japan’s coronavirus emergency economic stimulus should boost the country’s real gross domestic product by 3.8%, Prime Minister Shinzo Abe said on Wednesday at the end of a meeting of the government’s top economic advisory council.

The government last week approved an emergency economic stimulus package worth 108.2 trillion yen ($1.01 trillion), with fiscal spending of 39.5 trillion yen, aimed at battling the fallout from the coronavirus.

(Reporting by Hiroko Hamada; Writing by Daniel Leussink; Editing by Alex Richardson)