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Economy

Japan prepares $700bn stimulus as virus resurges

Suga's first package focuses on fighting outbreak and post-pandemic transition

A hospital ICU in Kawasaki: The stimulus package includes aid to prefectures to expand health care capacity.   © Reuters

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.

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