Abe unveils 'massive' coronavirus stimulus worth 20% of GDP

Business Apr 6, 2020

Abe unveils 'massive' coronavirus stimulus worth 20% of GDP

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 ...

Tax cut emerging as option in Japan to combat coronavirus impact

Business / Economy Mar 17, 2020

Tax cut emerging as option in Japan to combat coronavirus impact

The government will consider various measures, including tax cuts, to deal with deepening financial damage from the coronavirus outbreak, economy minister Yasutoshi Nishimura said Tuesday amid growing debate on the possibility of cutting the consumption tax. A group of ruling party lawmakers proposed last week ...

What would it cost Japan to cancel the Olympics?

National Mar 12, 2020

What would it cost Japan to cancel the Olympics?

by Etienne Balmer

While Japan and Olympic organizers are at pains to insist the Summer Games are still a go despite the coronavirus outbreak, some are wondering what a cancellation would cost the world's third-biggest economy. With a dearth of reliable figures, opinions vary, yet experts all agree ...