Asian nations pledge over US$38 bil to counter virus impact

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Asian nations pledge over US$38 bil to counter virus impact
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From China to Australia, governments have each pledged billions in stimulus packages. FMTNews China Australia STIMULUS

Japan’s Prime Minister Shinzo Abe speaks during a meeting on the new coronavirus in Tokyo.

More than US$38 billion in budget support has already been pledged or is under consideration to counter the virus’ impact, with governments adopting a mix of cash handouts, tax breaks and transfers.Top leaders signalled a “more proactive” fiscal policy, alongside steps already taken by authorities to cushion the economy and support financial markets

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