Japanese Prime Minister Abe to Hold 'COVID-19 Emergency Measures' Press Conference Tomorrow

[Asia Economy Reporter Seulgina Jo] Japanese Prime Minister Shinzo Abe will announce emergency measures to prevent economic and social damage caused by the spread of the novel coronavirus infection (COVID-19).

According to the Nihon Keizai Shimbun on the 27th, Prime Minister Abe will hold a press conference starting at 6 p.m. on the 28th. At this event, he is expected to explain measures to prevent the spread of COVID-19 and emergency economic measures.

Prime Minister Abe attended the House of Councillors Budget Committee inquiry on the same day and said, "COVID-19 is having a significant impact on our economy," adding, "We will consider large-scale economic and fiscal policies."

On the same day, the 2020 budget was approved at the House of Councillors plenary session. The total general account expenditure amounted to 102.658 trillion yen, marking the highest level for eight consecutive years. The 500 billion yen included as a contingency fund for COVID-19 response is expected to be allocated as resources for future economic measures.

This content was produced with the assistance of AI translation services.