Japan prepares $700bn stimulus as virus resurges

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

20201207N Covid hospital REUTERS

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

HIROYUKI AKIYAMA, Nikkei staff writer

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.

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