Prime Minister Shinzo Abe said Wednesday the government's latest emergency package to cushion the fallout from the coronavirus outbreak will boost the economy by up to an annualized 3.8 percent in real terms.
Abe made the remark about the country's ¥108.2 trillion ($1.01 trillion) stimulus package, it's largest ever, at a meeting of the government's Council on Economic and Fiscal Policy, at a time when many economists predict a double-digit economic drop in the April-June period.
"Giving top priority to protecting people's lives, health and livelihood, we drew up the economic package," Abe told the meeting.