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VIRUS OUTBREAK

Japan boosts economic stimulus package to record US$1.1 trillion

Cash payments for citizens tripled; Abe vows to take all steps to prevent deepening recession

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The new stimulus package will provide a payment of 100,000 yen for every citizen, instead of 300,000 yen for a limited number of households.

Tokyo

JAPAN boosted its new economic stimulus package on Monday to a record US$1.1 trillion to expand cash payouts to its citizens, as the fallout from the coronavirus pandemic threatens to push the world's third-largest economy deeper into recession.

Prime Minister Shinzo Abe...

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