Japan unveils US$4b coronavirus package, not yet eyeing extra budget

Tue, Mar 10, 2020 - 5:43 PM

Finance Minister Taro Aso said on Tuesday there was no need yet for a bigger extra budget, adding that the fallout from the outbreak so far had not reached the scale of the 2009 financial crisis.

PHOTO: REUTERS

[TOKYO] Japan unveiled on Tuesday a second package of measures worth about US$4 billion in spending to cope with the fallout of the coronavirus outbreak, focusing on support to small and mid-sized firms, as concerns mount about risks to the fragile economy.

The package, totalling 430.8...

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