
TOKYO -- Japan's cabinet is set to approve Tuesday a coronavirus stimulus package worth close to $1 trillion, which includes grants of up to 2 million yen, or $18,350, for small and midsize businesses whose revenue has fallen by more than half.
The 108 trillion yen package comes to roughly 20% of the nation's GDP and is roughly half the size of the U.S. stimulus -- a huge step for an economy a quarter the size of America's.