Japan eyeing second extra budget worth over $1.3 trillion: Report

The government is expected to approve the budget at a Cabinet meeting on Wednesday. PHOTO: AFP

TOKYO (REUTERS) - Japan's government is considering compiling a second extra budget for the current fiscal year worth over 100 trillion yen (S$1.32 trillion) to combat the economic fallout from the coronavirus pandemic, the Nikkei newspaper reported on Monday (May 25).

The budget will include 60 trillion yen for expanding low-interest rate loan schemes for firms hit by the pandemic, and 27 trillion yen for other financial aid programmes, the paper said, without citing sources.

The government is expected to approve the budget at a Cabinet meeting on Wednesday.

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