• Japanese warning

Coronavirus is in danger of tipping the Japanese economy back into recession, say forecasters. The country is expecting a stimulus package from government, which could see spending of more than USD137bn, reports Reuters.

A decision to postpone the Tokyo Olympics to 2021 will hit hotels and airlines, which had expected a boost this year from the event. Premier Shinzo Abe has promised a “big and powerful” government spending package.

Read the full story here:

https://uk.reuters.com/article/us-health-coronavirus-japan-report/japan-says-virus-has-made-economys-condition-severe-worst-view-in-seven-years-idUKKBN21D0ZS

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