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Lehman Brothers

Mr Abe’s emergency

Despite Shinzo Abe's bold declaration of the stimulus package, this is no answer to the livelihood crisis. The package is unlikely to assuage public anxiety, despite the Prime Minister's admission that the economy is facing the greatest crisis since the end of World War II. Where Mr Abe seems to have erred is that concerns were raised even two months ago over the repercussions of the coronavirus crisis on the Japanese economy, but Mr Abe delayed in taking timely action.