Video Duration 02 minutes 12 seconds

Asia Pacific countries react: IMF warn of economic depression

Japan mulls extending cash handout to all households to cushion economic fallout and ministers in New Zealand will take 20 percent pay cut for next six months.

Countries in the Asia Pacific region are responding to a dire economic forecast by the International Monetary Fund.

The Japanese government is considering whether to extend a cash handout to all households to cushion the economic fallout.

And ministers in New Zealand will take a 20 percent pay cut for the next six months.

Al Jazeera’s Florence Looi reports.