Global Cases Exceed 600,000; Japan Plans Stimulus: Virus Update

(Bloomberg) — Global cases of coronavirus surpassed 600,000 and the U.S. became the first country to reach 100,000 infections. Japan’s Prime Minister Shinzo Abe said the country will extend stimulus on an “unprecedented scale.”China also signaled it is preparing larger-scale stimulus to counter the economic fallout. President Donald Trump ordered General Motors to start making ventilators by invoking a Cold War-era law.Key Developments:Cases top 602,000; 27,800 dead, 131,800 recovered: Johns HopkinsJapan plans cash handouts, supplementary budgetChina signals ramped-up stimulus, says all 54 new virus cases on March 27 are importedL.A. warns of surge and New York of “astronomical” new infectionsU.S. …read more

Source:: Yahoo Finance


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