UPDATE 1-Japan stimulus to help airlines, stave off deflation -PM [Reuters]
JAPAN AIRLINES UNSP/ADR (JAPSY)
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Source: Reuters
UPDATE 1-Japan stimulus to help airlines, stave off deflation -PM * Japan planning package to cushion coronavirus effects * Will work to avoid return to deflation - PM Abe * Says aviation industry ‘must not be damaged’ * Economy may shrink 2.9% upon Tokyo lockdown - analyst (Adds Abe’s remarks on airline aid) By Leika Kihara TOKYO, April 1 (Reuters) - Japanese Prime Minister Shinzo Abe on Wednesday promised support for domestic airlines hit by the coronavirus pandemic, and said a planned stimulus programme would be big enough to stave off a return to deflation. The outbreak has further weakened an economy already on the cusp of recession as travel bans and social distancing policies deal a huge blow to sectors including transport, retail and tourism. “The aviation industry is our country’s core infrastructure that must not be damaged, so we’ll take steps to support it,” Abe told parliament. He did not specify what the support package might entail. Many other developed countries are al
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