Japan declares coronavirus emergency, approves near $1 trillion stimulus in.reuters.com

The government also approved the stimulus package worth 108 trillion yen ($990 billion) - equal to 20% of Japan’s economic output - to cushion the impact of the epidemic on the world’s third-largest economy.
That exceeds the equivalent of 11% of U.S. output for the stimulus package laid out by President Donald Trump and 5% of output for Germany’s package.
Direct fiscal spending amount to 39.5 trillion yen, or about 7% of the economy, more than double the amount Japan spent following the 2008 collapse of Lehman Brothers.
Abe has stressed that the state of emergency will stop short of imposing a formal lockdown as seen in other countries.
Pedestrians wearing protective masks make their way, following the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan April 7, 2020.