Japanese citizens to avoid all nonessential travel abroad, especially to countries named in the new measures. The Ruling Liberal Democratic Party has also p put together a draft stimulus package to cope with the e Economic Impact of t pandemic. It says the measures are larger than those t taken in japan durg the 2008 financial crisis. It proposes about 20 trillion yen or about 186 billion in fiscal spending. It says the government should establish a system of subsidies totaling about 9. 3 billion to help small and medium sized businesses as well as freelancers. The draft also says that households that lose out on income should receive Financial Assistance based on their size, but it doesnt mention how much. The government plans to finalize the emergency stimulus package as early as next week. Meanwhile, the tokyo metropolitan government has asked residents to avoid nonessential trips but not everyone followed the request this past weekend. Nhk world has more on why experts say convinci
Very light at the end of this dark tunnel. Thomas bach spoke to nhk after an ioc Board Meeting confirmed a delay until 2021 for the olympics and paralympics. Bach said travel restrictions imposed across the world were behind the decision. We saw the worldwide spreading of this virus. Then the question was not anymore so much what are the conditions in japan, but the question was more, can the rest of the world participate . The delay was agreed in a teleconference between bach and japanese Prime Minister shinzo abe. Translator we are committed to holding the games in a complete form when we can prove that human beings have overcome illness caused by the new coronavirus. Abe is expected to tell u. S. President donald trump of the postponement by phohone o on wednesday, and inform other g 20 leaders later this week. The governor of the host city had this to say. Translator its significant, but the span of poststponement the goal is set at the summer of 2021. Its especially importanant fo
We are all in this together. We must put politics aside, stop the partisanship and unify together as one nation and one family. Trump made the announcement in a National Address on wednesday, saying the u. S. Will suspend all passenger travel from most of europe for the next 30 days from the end of friday. American citizens and their families are not included. The United Kingdom is also exempt from the suspension, although trump did not explain why. He said the European Union had failed to take the same precautions as the u. S. To combat the virus. The president also announced economic measures including a payroll tax relief, but emphatically said this is not a financial crisis. It happened on the same day the countrys capital declared a state of emergency. Washington d. C. , mayor Muriel Bowser also recommended canceling or postponing gatherings of more than 1,000 people until the end of this month. That includes the citys famous Cherry Blossom festival. The number of infections is in
Tunnel. Thomas bach says when deciding on the delay, the ioc considered not only conditions in japan but the reality of the situation of athletes abroad. He agreed that postponing the games was the best move. Translator we are committed to holding the games in a complete form when we can prove that human beings have overcome illness caused by the new coronavirus. Its the first time in olympic history that a Public Health crisis has caused the games to be put off. Athletes applauded the move while wondering about their future. Hannah mills was set to compete this summer. She told nhk kdelaying the game was the right decision but she was stillll emotional. The olympic gameses is everytything for us and what wee dedicated our lives to. The q question of another year asked, will my body be okay . Have i got that drive and motitivation . Of coursrse i willl find it, 10 purse. But it just takes a lot of absorbing. The effects of the postpoponement are already rippling through the sports worl
Countries around the world are struggling to keep up with the coronavirus pandemic Global Stock Markets have had a turbulent week with some of the worst losses and i would 30 years so whats the economic fallout and calm a global recession this is inside story. Hello again im james burke says its the worlds Biggest Health emergency the corona Virus Outbreak is now a pandemic and there are fears it could lead to a catastrophic Global Economic crisis sweeping containment measures have disrupted markets around the world including the u. S. A travel ban on 26 European Countries came into effect on friday and the unprecedented move sent stocks crashing to their worst losses in over 30 years on wall street the Dow Jones Industrial average sank 10 percent on thursday its biggest plunge since the black monday crash of 1907 while european markets showed some signs of recovery on friday throughout the week Global Stock Markets saw their steepest decline since the 2008 financial crisis wiping out