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Economy

Japan working to hammer out $500bn stimulus package

Cash handouts for households hit by coronavirus to come in May

The Japanese government is working on a massive stimulus package aiming to get cash into the hands of citizens affected by the coronavirus. (Source photo from Reuters)

TOKYO -- The Japanese government has begun discussions on an economic stimulus package worth 56 trillion yen ($502 billion) featuring cash handouts to households that have suffered from the impact of the coronavirus outbreak.

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