The Japanese government and ruling parties are negotiating to set the size of an emergency economic package, to be formulated to deal with the spread of the coronavirus, at more than 30 trillion yen ($270 billion), sources close to the matter said Sunday.

The expected sum includes spending by the private sector. The spending by the government for the planned stimulus is likely to surpass 15 trillion yen, the sum the government spent in an economic package in the wake of the global financial crisis sparked by the 2008 failure of Lehman Brothers Holdings Inc.

==Kyodo

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