Market news
06.04.2020, 10:25

Japan's PM Abe calls for state of emergency declarations for 7 prefectures to stop coronavirus

  • Seven prefectures involved will be Tokyo, Osaka, Chiba, Kanagawa, Hyogo, Saitama and Fukuoka
  • Says emergency will last about a month
  • It will give governors authority to call on people to stay at home and businesses to close, but not to order kind of lockdowns seen in other countries
  • The official declaration will be made as soon as Tuesday
  • Plans to announce stimulus package of around JPY108 trillion to support households and businesses struggling from impact of coronavirus
  • Will spend over JPY6 trillion for payouts to households, firms

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