The Japan government has announced another massive stimulus package with Rs.70 Lakh Crores ($ 1.1 trillion). Some of this money will be spent directly, the Japanese finance ministry said. Japan has lifted the emergency imposed to block the pandemic. The Prime Minister of this country Shinzo Abe referred to the authorities that the country should be ready to face the pandemic.
Japan recently announced another $ 1.1 trillion worth of trillion dollars last month. This meant that the stimulus package amounted to Rs. 150 lakh crore till date. As a result, Japan has joined the US in the countries that are spending the most on the coronavirus. The US also allocated nearly $ 2.3 trillion. Japan, however, has impregnated Corona. The country recorded only 17,000 cases so far, with only 825 deaths.
Prime Minister Abe held a press conference and announced that the state of emergency would be lifted for the whole of Japan today. PM emphasized measures to recover the economy will be strengthened and asked the people to remain vigilant against #COVID19 as the virus will remain. pic.twitter.com/YbfTw2J7TE
— PM's Office of Japan (@JPN_PMO) May 25, 2020
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Japan Announced Another Package
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