United States  

Japan seeks to end Tokyo's state of emergency, eyes $930 bln stimulus

Video Credit: Reuters Studio - Duration: 01:05s - Published
Japan seeks to end Tokyo's state of emergency, eyes $930 bln stimulus

Japan seeks to end Tokyo's state of emergency, eyes $930 bln stimulus

Japan is expected to lift its state of emergency over Tokyo, as it eyes a fresh stimulus relief package worth nearly $930 billion.

Gloria Tso reports.

0
shares
ShareTweetSavePostSend
 

Japan is expected to lift its state of emergency over Tokyo as it weighs an unprecedented relief package worth more than 900 billion dollars.

The global health crisis has tipped the world's third-largest economy into recession, its deepest slump since World War II.

It's also plunged Prime Minister Shinzo Abe's approval rating to its lowest in nearly a decade.

Mostly comprising of financial aid for companies, the proposed stimulus follows a $1 trillion plan deployed last month.

The combined spending brings the total stimulus to about 40% of Japan's GDP.

But paying for the big spending plans will force the government to add to Japan's debt pile, which is already twice the size of its economy.

Japan lifted social distancing measures for most of the country on May 14, but the government has kept Tokyo and four other prefectures under watch.

If the measures in those regions are lifted, Japan would have no remaining regions under its state of emergency, which was first instated on April 7.

The government will seek approval for the lift from key advisers on Monday (May 25).




💡 One News Page Knowledge: Other News Mentions

Tokyo Tokyo Capital and prefecture of Japan

Markets open flat but IT, auto stocks gain [Video]

Markets open flat but IT, auto stocks gain

Equity benchmark indices were subdued during early hours on July 07 in lacklustre trading amid mixed cues from Asian peers. At 10:15 am, the BSE S and P Sensex was up by 78 points or 0.21 per cent at 36,565 while the Nifty 50 edged up by 10 points or 0.09 per cent at 10,774. Most sectoral indices at the National Stock Exchange were in the red except for Nifty IT which moved up by 1.7 per cent, pharma by 0.8 per cent and auto by 0.5 per cent. IT stocks appeared to be the flavour of the day with Infosys gaining by 2.6 per cent to Rs 784.50 per share. Wipro was up by 1.6 per cent, HCL Technologies by 1.5 per cent and Tech Mahindra by 1.3 per cent. Auto stocks also gained marginally with Bajaj Auto and Tata Motors moving up by 1.6 per cent each and Maruti Suzuki by 1.1 per cent. However, Power Grid Corporation slipped by 2.5 per cent to Rs 173.40 per share. Grasim was down by 2.4 per cent, ONGC by 2.1 per cent, ITC by 1.7 per cent and Tata Steel by 1.6 per cent. Meanwhile, Asian indices traded mixed despite a strong close on Wall Street overnight. In Japan, Nikkei traded down by 0.7 per cent as the market participants seemed concerned over the rising number of new Covid-19 cases in Tokyo.

Credit: ANI    Duration: 01:11Published
Japan withdrawing 2023 Women's World Cup bid [Video]

Japan withdrawing 2023 Women's World Cup bid

The Japanese Football Association announces that Japan is withdrawing its bid to host the 2023 Women's World Cup.

Credit: Reuters - Sports    Duration: 01:31Published
Japan withdrawing 2023 Women's World Cup bid: Kyodo [Video]

Japan withdrawing 2023 Women's World Cup bid: Kyodo

Japan is withdrawing its bid to host the 2023 Women's World Cup according to media reports.

Credit: Reuters - Sports    Duration: 01:31Published
80% of venues secured for next year's Games - Tokyo 2020 [Video]

80% of venues secured for next year's Games - Tokyo 2020

Tokyo 2020 organisers have confirmed that 80% of the venues required to run a successful Olympics have been secured ahead of next year's rearranged Games.

Credit: Reuters - Sports    Duration: 04:40Published

Shinzo Abe Shinzo Abe Prime Minister of Japan

Abe wants to build ventilators hospitals probably don't need [Video]

Abe wants to build ventilators hospitals probably don't need

Japanese Prime Minister Shinzo Abe has pledged to build 2,000 new ventilators for coronavirus patients that even the government says hospitals are unlikely to need. Emer McCarthy reports.

Credit: Reuters Studio    Duration: 01:32Published
Olympic chief says Games would be canceled if not held in 2021 [Video]

Olympic chief says Games would be canceled if not held in 2021

The head of the International Olympic Committee has for the first time suggested the Games originally scheduled for this year, may be scrapped completely if it's not safe to have them by next summer. Thomas Bach understands the Games may have a very different feel to them in order to take place in 2021. Adam Reed reports.

Credit: Reuters Studio    Duration: 01:10Published
Japan sinks into recession, worst yet to come [Video]

Japan sinks into recession, worst yet to come

Japan has slipped into recession for the first time in four and a half years, putting the nation on course for its deepest postwar slump as the global health crisis continues taking a heavy toll on businesses and consumers. Gloria Tso reports.

Credit: Reuters Studio    Duration: 01:26Published

World War II World War II 1939–1945 global conflict between the Axis and the Allies

Hanks on US protests: 'It is a reckoning that's going on'

Actor Tom Hanks, who stars in new World War II naval drama "Greyhound," believes America is currently in the middle of a "reckoning" which "should have been..
USATODAY.com

Luxury hotel project stays its course in Rome

Renovations underway to turn Rome building into new Bulgari hotel, despite worst tourism crisis since WW2. (July 3)
 

USATODAY.com

Nelson Henry Dies at 96; Fought to Correct Military Slight

In World War II, he was given an insulting “blue discharge”; more than 70 years later, he was upgraded to “honorable.” He died of the coronavirus.
NYTimes.com
Nazi submarine base in France repurposed for art space [Video]

Nazi submarine base in France repurposed for art space

Finding a new purpose, a WWII submarine base is transformed into a new digital art space.

Credit: Al Jazeera STUDIO    Duration: 01:55Published
Eiffel Tower re-opens with new rules [Video]

Eiffel Tower re-opens with new rules

The Eiffel Tower on Thursday welcomed back visitors after the coronavirus outbreak forced the Paris landmark into its longest period out of action since World War Two.

Credit: Reuters Studio    Duration: 01:27Published

You Might Like

Related news from verified sources

Alert: Japan ends coronavirus state of emergency as it lifts restrictions in last areas including Tokyo

TOKYO (AP) — Japan ends coronavirus state of emergency as it lifts restrictions in last areas...
SeattlePI.com - Published Also reported by •Seattle Times


Asia Today: Japan may ease emergency, SKorea sees more cases

BANGKOK (AP) — Japan’s government is holding a coronavirus task force meeting Thursday to get...
Seattle Times - Published


Tweets about this


Related videos from verified sources

State Emergency Operations Center Handed Out Over 26,000 Masks In June [Video]

State Emergency Operations Center Handed Out Over 26,000 Masks In June

State emergency operations center has handed out over 26,000 mask and distributed the drug Remdesivir to 10 hospitals.

Credit: CBS 4 Denver     Duration: 00:27Published
HS Football in Jeopardy With State of Emergency Extension [Video]

HS Football in Jeopardy With State of Emergency Extension

HS Football in Jeopardy With State of Emergency Extension

Credit: WDEF CBS Chattanooga, TNPublished
DBPR issues Emergency Order 2020-09 restricting sales of Alcoholic Beverages at bars across the state. [Video]

DBPR issues Emergency Order 2020-09 restricting sales of Alcoholic Beverages at bars across the state.

The Florida Department of Business and Professional Regulation (DBPR) suspended the sale of alcoholic beverages for on-premises consumption at all bars throughout the state. The suspension of alcohol..

Credit: FOX 4 Now Florida     Duration: 02:30Published