Japan to spend over $137 billion as virus hits economy, BOJ eyes more stimulus
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TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe's pledge of "huge" stimulus will involve spending of at least $137 billion financed in part by deficit-covering bonds, sources say, joining global efforts to cushion the economic blow from the coronavirus pandemic.While the amount of debt issuance is likely be modest, it will put considerable market focus on Japan's dire fiscal position - at a time the market rout caused by the outbreak is prodding investors to dump even safe-haven assets like..