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Economy

Abe vows bold stimulus but avoids declaring emergency

Prime minister hopes to hold Tokyo Olympics as planned

Prime Minister Shinzo Abe said on March 14 that Japan has been able to slow transmissions of the new coronavirus and that his government is not in a position to declare a state of emergency.

TOKYO -- Japanese Prime Minister Shinzo Abe said the government will inject "necessary and sufficient" funds into the economy and use "unprecedented ideas" to bring back growth.

Abe gave no details during a rare Saturday news conference called to explain his government's response to the novel coronavirus outbreak, though he said fiscal and monetary policies would be used on the economic front.

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