Tokyo, May 25 (AP) Japan Prime Minister Shinzo Abe says his government will compile a fresh stimulus package worth about 100 trillion yen ($930 billion) to provide financial support for companies hit by the coronavirus pandemic.

Abe unveiled the new stimulus at a news conference Monday as he declared an end to a coronavirus state of emergency across the nation, as he removed the measure in five remaining prefectures including Tokyo.

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Abe said a Cabinet approval of funding for the additional stimulus package is expected later this week.

The package would bring the amount of spending to more than 200 trillion yen ($1.9 trillion), he said. The government earlier compiled a 117 trillion yen stimulus package.

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Japan, with about 16,600 confirmed cases of COVID-19 and about 850 deaths, has so far avoided a large outbreak like those experienced in the U.S. and the Europe despite its softer restrictions.

But the world's third-largest economy is fallen into a recession, and public discontent over Abe's handling of the coronavirus has sent his support ratings tumbling. (AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)