Japan to spend $4.1bn in steps to tackle coronavirus

Japan’s government plans to spend 430.8 billion yen ($4.1 billion) in a second package of steps to cope with the fallout of the coronavirus outbreak, two government sources with direct knowledge of the matter told Reuters on Tuesday.

Reuters reports that the government also plans to adopt fiscal measures totaling 1.6 trillion yen to support corporate financing as part of the package, due to be announced later on Tuesday, the sources said on condition of anonymity, as the plan is not public yet.