Japanese government unveils additional $312 billion spending budget to tackle COVID-19

© Reuters. Japanese Prime Minister Fumio Kishida speaks to the media as he announced that the government will release some of its oil reserves in coordination with the United States at his official residence in Tokyo, Japan on November 24, 2021. Compulsory credit Ky

TOKYO (Reuters) – The Japanese government will unveil its first additional budget on Friday for the fiscal year ending in March to ease the pain of the COVID-19 pandemic, with spending worth 36 trillion yen ($312.04 billion), a draft seen by Reuters showed.

The draft showed that Prime Minister Fumio Kishida’s government is expected to approve the budget plan on Friday, including the issuance of additional government bonds totaling 22.1 trillion yen.

(dollar = 115.3700 yen)

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