Japan to end Tokyo's state of emergency, eyes fresh $930 billion stimulus

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Japan will lift a state of emergency for Tokyo and remaining areas still facing restrictions on Monday, while the Nikkei reported a plan for new stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic.

Social distancing curbs were loosened for most of the country on May 14 as new infections fell, but the government had kept Tokyo and four other prefectures under watch.

The world’s third-largest economy has escaped an explosive outbreak with some 17,000 infections and 825 deaths so far; however, the epidemic has tipped it into a recession and plunged Prime Minister Shinzo Abe’s popularity to multi-year lows. A passerby wearing a protective face mask is reflected in a mirror at a shop as the spread of the coronavirus disease continues, at Shibuya shopping and amusement district in Tokyo, Japan May 25, 2020. REUTERS/Issei Kato

The combined stimulus would bring the total spending in response to the pandemic to about 40% of Japan’s gross domestic product. Passersby wearing protective face masks are seen as the spread of the coronavirus disease continues, at Shibuya crossing in Tokyo, Japan May 25, 2020. REUTERS/Issei Kato

 

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Even though state of emergency is going to end, millions of people have yet to receive cloth face masks, so called Abenomask, and 100,000yen financial support PM Abe pledged to swiftly deliver long time ago.

Can imagine the streets will fill with Chinese tourists again

U.S.A is the test. 10-15 days from now we will see if we are at 'herd immunity ' or if you are deliberate in the deaths of your family members. Thanks for being ignorant.

Nice watch 😀

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