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Japan will consider providing cash payments to households as part of a stimulus package that could be worth more than $276 billion to counter the expanding effects of the coronavirus outbreak and work together globally to provide huge financial support to Japan. Resist the risk of recession.
Yasutoshi Nishimura, Japan's economy minister, said the stimulus plan could be set by the government in April and that its bold measures would be enough to withstand the crisis he described, which was more severe than when the collapse of Lehman Brothers in 2008 led to financial market turmoil.
"We want to look at various possibilities, including the scale of cash payments," Nishimura told reporters after a cabinet meeting on Thursday Although he can't say the scale of the plan at the moment.
Japan's ruling coalition is considering an economic plan worth more than 30 trillion yen ($276 billion) to deal with the impact of the virus, the Sankei newspaper reported Thursday.
This will far exceed the 26 trillion yen stimulus plan formulated by the government last December to reduce the impact of the US China trade war on the export dependent economy.

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