Japan Plans Extra Budget With $312bn Spending To Tackle Covid

Japan‘s government will unveil on Friday its first extra budget for this fiscal year ending March to ease the pain of the Covid-19 pandemic, with spending worth 36 trillion yen ($312 billion).

Prime Minister Fumio Kishida’s cabinet is expected to approve the budget plan on Friday, including additional government bond issuance totalling 22.1 trillion yen, a draft showed.

Reuters with additional editing by Jim Pollard

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.