- Japan's PM Abe calls for state of emergency declarations for 7 prefectures to stop coronavirus
Market news
6 April 2020
Japan's PM Abe calls for state of emergency declarations for 7 prefectures to stop coronavirus
- Seven prefectures involved will be Tokyo, Osaka, Chiba, Kanagawa, Hyogo, Saitama and Fukuoka
- Says emergency will last about a month
- It will give governors authority to call on people to stay at home and businesses to close, but not to order kind of lockdowns seen in other countries
- The official declaration will be made as soon as Tuesday
- Plans to announce stimulus package of around JPY108 trillion to support households and businesses struggling from impact of coronavirus
- Will spend over JPY6 trillion for payouts to households, firms
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