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While presenting the parliament with the second extra budget for approval to fund a USD1.1 trillion stimulus package to combat the coronavirus pandemic on Monday, Japanese Finance Minister Taro Aso said this emergency budget to prepare for a “protracted-war” against the outbreak.

Key quotes

“While setting eyes on a protracted war, we must take all possible measures and top up emergency reserves in order to flexibly respond to changes in the situation.” 

“At least 5 trillion yen is needed in case the second and third wave of infections turn the situation very severe … Another 5 trillion yen must be secured so that we can swiftly respond to any situation.” 

 

more to come …