Bank of Japan boosts its coronavirus stimulus plan to more than $1 trillion amid 'extremely severe' economic crash
The Bank of Japan increased its COVID-19 stimulus from 75 trillion yen to 110 trillion yen on Tuesday.
Japan has been one of the least infected major economies from coronavirus, with fewer than 1,000 people dying in the country — less than 1% of the death toll seen in the US. "We can't rule out the risk of a second wave of infections," Governor Haruhiko Kuroda said in a news conference. Kuroda said such uncertainties could prompt the bank to extend its COVID-19 response tools beyond the deadline of March 2021.
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