Home / Market Update / Forex Market / Japan Considers Compiling $95.5 Billion Extra Budget to Counter Coronavirus

Japan Considers Compiling $95.5 Billion Extra Budget to Counter Coronavirus

The Japanese government is said to compile an extra budget worth around $95.5 billion to counter the economic damage induced by the coronavirus pandemic, a local newspaper, Mainichi, reported over the weekend.

The government is likely to debate using the 10 trillion yen ($95.52 billion) budget to extend a labour subsidy program scheduled to end in December and to pay for the distribution of a coronavirus vaccine.

Check Also

Yen Awaits Crucial Central Bank Week as Markets Brace for BoJ and Fed Decisions

The Japanese yen remained under pressure on Friday, with the US dollar trading near 160.20 …