TOKYO - Japan’s government is considering compiling an extra budget worth around $95.5 billion to offset the economic drag caused by the coronavirus pandemic, the Mainichi newspaper reported on Saturday.
The government is likely to debate using the 10 trillion yen budget to extend a labour subsidy programme scheduled to end in December and to pay for the distribution of a coronavirus vaccine, the Mainichi reported, without citing sources. Members of the ruling Liberal Democratic Party are calling for 10 trillion yen in spending, and Prime Minister Yoshihide Suga is likely to formally order an extra budget early next month, the Mainichi said.The government may consider whether to use some of the funds to extend a popular domestic travel subsidy scheme but is unlikely to offer more direct cash handouts to households, the newspaper reported.
The government has 7 trillion yen in reserves left over from an earlier coronavirus aid package that it can use to fund the extra budget. The government is considering issuing bonds to fund the remaining amount, according to the Mainichi. Japan’s government and ruling party lawmakers originally planned to make a decision on extra stimulus after the release of third-quarter gross domestic product on Nov. 16 but decided to bring forward their decision because private sector companies are starting to cut workers’ bonus payments, the newspaper said.
Prime Minister YoshihideSuga plans to steal taxes so that the LDP administration and the companies that donate to it will benefit from the budget for coronavirus response policies. They are the ones who betray the Japanese people.菅義偉 自民党政権 税金横領 売国奴
Is that a lot? I honestly can’t tell anymore- these numbers become so meaningless
Japan apparently didn't get affected by covid 19 lol
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