Japan prepares $700bn stimulus as virus resurges

TOKYO -- Japan will compile a third round of stimulus worth roughly 73.6 trillion yen ($706 billion), Prime Minister Yoshihide Suga said on Tuesday, aiming to shore up an economy threatened by a surge in coronavirus cases.

The package includes 6 trillion yen for measures to curb the outbreak, 51.7 trillion yen to support structural economic changes in the post-pandemic world, and 5.9 trillion yen for disaster management and national resilience.