IMF chief Kristalina Georgieva on Thursday lauded Japan’s plans to spend about 20% of its gross domestic product to respond to the economic challenges of the coronavirus pandemic and help the world’s poorest countries, urging others to do their part.
Japan will extend its state of emergency for containing the novel coronavirus as early as Monday, public broadcaster NHK reported on Friday, after Prime Minister Shinzo Abe said it would be difficult to return to everyday life.
Japan’s parliament is set to approve on Thursday a $241 billion supplementary budget to fund a record stimulus package featuring cash payouts and loans to cash-strapped firms to cushion the economic blow from the coronavirus pandemic.
The International Olympic Committee (IOC) removed a comment from its website on Tuesday that referred to Japanese Prime Minister Shinzo Abe when discussing the financial impact of postponing the Games, following objections from the Tokyo 2020 Olympic and Paralympic Organising Committee.
Japan, alarmed by rising coronavirus deaths and the spectre of the collapse of the medical system, is scrambling to expand testing with drive-through facilities and general practitioners helping to collect samples.