Japan’s Abe Gears Up for Another Big Stimulus Package (1)

Prime Minister Shinzo Abe is gearing up for his second big stimulus package in a matter of months as the coronavirus pushes Japan into what could be a deep and prolonged recession.

Abe on Thursday opened a week-long series of evening hearings with business leaders and experts to try to come up with an economic rescue plan for the country. Cash handouts and a cut to the recently raised sales tax are among ideas reportedly being discussed.

“I want to implement bold economic measures to achieve a V-shaped recovery through various measures,” Abe said at the beginning of the ...