Japan may offer cash payouts to households for battling coronavirus

The Sankei newspaper reported Japan's ruling coalition was considering an economic package worth more than 30 trillion yen ($276 billion) to deal with the virus fallout.

Japan will look into offering cash payouts to households as part of a stimulus package that could be worth more than $276 billion to combat the widening fallout from the coronavirus outbreak, joining efforts across the world to roll out huge fiscal support to fend of recession risks.

Economy Minister Yasutoshi Nishimura said the stimulus package, likely to be compiled by the government in April, will be bold enough to fend off a crisis he described as potentially more serious than when the collapse of Lehman Brothers in 2008 jolted financial markets.

"We'd like to look into various possibilities including on the