Japanese Prime Minister Shinzo Abe on Monday said the government plans to declare a state of emergency and proposed a stimulus package worth USD 1 trillion as new coronavirus infections spike in Tokyo and elsewhere.
"We hope to declare a state of emergency as early as tomorrow after listening to the opinions of the advisory panel," Abe told reporters.
"We're currently seeing rapid increases of new infections particularly in urban areas like Tokyo and Osaka," he said.
"Considering that medical institutions are facing a critical situation, I have received opinions that the government should prepare to declare a state of emergency," Abe said.
A state of emergency, which falls far short of the strict lockdown measures seen elsewhere in the world, would be declared for Tokyo, Osaka, and five other prefectures, according to Abe.
Pressure has increased on the government to take fresh action as Tokyo announced a record 148 new cases on Sunday, with another 83 infections on Monday.
Abe added that the government would roll out a stimulus package worth around 108 trillion yen to cushion the damage to the world's third-biggest economy.
"This is worth 20 per cent of GDP, an unprecedented scale," he said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
