April 6, 2020 / 11:47 PM / 3 months ago

Japan PM Abe says fiscal spending under stimulus plan to total 39 trillion yen - Jiji

Japan's Prime Minister Shinzo Abe takes off his face mask as he arrives to speak to the media on Japan's response to the coronavirus disease (COVID-19) outbreak, at his official residence in Tokyo, Japan, April 6, 2020. REUTERS/Issei Kato TPX IMAGES OF THE DAY

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said direct fiscal spending under the government’s stimulus package to combat the coronavirus pandemic will total 39 trillion yen ($357 billion), Jiji news agency reported on Tuesday.

Abe pledged on Monday to roll out an unprecedented economic stimulus package worth 108 trillion yen - equal to 20% of economic output - as his government vowed to take “all steps” to battle deepening fallout from the coronavirus.

Reporting by Leika Kihara; Editing by Chris Gallagher

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