Japan's government will submit to parliament early next week a second extra budget to fund a new $1.1 trillion stimulus package to cushion the economic blow from the coronavirus pandemic, Prime Minister Shinzo Abe said on Monday.
TOKYO - Japan’s government will submit to parliament early next week a second extra budget to fund a new $1.1 trillion stimulus package to cushion the economic blow from the coronavirus pandemic, Prime Minister Shinzo Abe said on Monday.
The move would give Abe ammunition to inject another heavy dose of stimulus to an economy on the brink of deep recession as the pandemic hit global and domestic demand. Just two months into the new fiscal year beginning in April, the government compiled two extra budgets worth a combined 58 trillion yen to combat the virus shock - about 10% of gross domestic product and more than half the size of this year’s annual state budget.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Uber CEO: Company to donate $1 million to police reform - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Glossier is Donating $1 Million to Support Black Lives Matter and Other Organizations'We're inspired by so many people in our community who are using their voices and making change.'
Weiterlesen »
49ers pledge $1 million to organizations 'creating change'The San Francisco 49ers will donate $1 million to 'local and national organizations who are creating change,' CEO Jed York announced in a statement on Twitter on Saturday night, amid nationwide protests against discrimination and police brutality.
Weiterlesen »
GoFundMe For George Floyd Raises More Than $1 Million In A DayA GoFundMe campaign to support George Floyd’s family raised more than $1 million in less than 24 hours (via BETNews)
Weiterlesen »
Japan's May factory activity sinks as pandemic lockdowns hit demand: PMIJapan's factory activity shrank at the fastest pace since March 2009 in May, a private sector survey showed on Monday, as manufacturers widely struggled with the demand blow from the coronavirus pandemic.
Weiterlesen »