• Reuters, staff report

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Prime Minister Shinzo Abe pledged Monday to roll out an unprecedented economic stimulus package equal to 20 percent of economic output as his government vowed to take "all steps" to battle deepening fallout from the coronavirus.

The package, to be confirmed by the Cabinet on Tuesday, will total ¥108 trillion ($989 billion), far exceeding one compiled in the wake of the 2009 financial crisis totaling ¥56 trillion in size, with fiscal spending of ¥15 trillion.

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