World economy that took elevator down faces steep stairs back up
Hopes for a V-shaped rebound have been shattered as the reopening of businesses looks shaky at best and job losses risk turning from temporary to permanent.
Pandemic opens door to ideas new and old for a better economy
Governments have already cast aside dogmas at least temporarily to protect companies and jobs in the deepest peacetime recession in almost a century.
IMF chief lauds Japan's spending to combat pandemic, urging others to step up
IMF chief Kristalina Georgieva praised on Thursday Japan's plans to spend about 20 percent of its gross domestic product in response to the economic challenges of the COVID-19 pandemic and to help the world's poorest countries, urging others to do their part. Japan, the world's ...
In Japan's record stimulus, which cleared the Diet, what will be on offer?
The government is trying to shield the nation's economy with a gargantuan stimulus package financed by a supplementary budget bill that cleared the Diet Thursday.
Stimulus steps cannot easily buoy coronavirus-hit economy, Abe says
Speaking in a parliamentary session, Abe said the current economic situation is "psychologically more challenging than the Great Depression" in the 1930s.
Japanese government submits massive extra budget to fight coronavirus
The government submitted to the Diet the ¥25.69 trillion budget to fund a package of emergency measures aimed at mitigating the economic fallout from COVID-19.
Japan's emergency stimulus reaches ¥117 trillion as virus crisis deepens
The government's emergency package to cushion the economy from impacts of the COVID-19 pandemic has reached ¥117.1 trillion after the government approved a revised supplementary budget for fiscal 2020 on Monday. The increase from the initial package worth ¥108.2 trillion comes after a sudden policy ...
Abe administration talks up ¥100,000 payout, but who is eligible?
Prime Minister Shinzo Abe's decision to dole out ¥100,000 per person from state coffers to offset the economic fallout from the coronavirus pandemic has given rise to a number of questions. The most pressing: Who is eligible for the cash? As no income limit limit ...
The government is getting its response to the virus wrong by adding strings to its financial assistance for companies and people, and by not engineering a tighter lockdown, according to best-selling author and economist Yukio Noguchi. The former finance ministry official says Japan should stop ...
Behind the scenes, an LDP power struggle over record-size economic package
As the Cabinet approved a record-breaking emergency stimulus package Tuesday, the deep-seated rivalries it has amplified within the ruling Liberal Democratic Party were hidden from view.
Skeptical economists call Japan's largest-ever stimulus package 'puffed up'
To counter the economic crisis caused by the global coronavirus pandemic, Japan adopted on Tuesday its largest-ever emergency economic package worth ¥108 trillion, equivalent to about 20 percent of its gross domestic product. But some economists are skeptical about the package, saying it likely will ...
Japan stimulus plan strengthens safety net, but experts split on handouts
Some economists say the financial aid should be focused on those in need while others say the proposed measure appears to be lacking fairness.
