Japan aims to boost budget over Covid-19 after election

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Japan aims to boost budget over Covid-19 after election
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Vaccinations have to be tackled first, says Liberal Democratic Party secretary-general Akira Amari

Tokyo — Japan will compile a large extra budget immediately after a looming general election to ease the economic blow of the pandemic and boost long-term growth in key areas, a ruling party heavyweight said on Sunday.

“We have responded with various measures by tapping emergency budget reserves. Now that the reserves are drying up, we will compile a considerably large extra budget immediately after the election.” Kishida, a former foreign minister who won the LDP’s leadership race on Wednesday, is expected to be elected prime minister by parliament on Monday, replacing Yoshihide Suga, by virtue of the party’s majority in the lower house. He is expected to name his cabinet later in the day.Finance minister Taro Aso’s brother-in-law, Shunichi Suzuki, is set to replace Aso, while foreign minister Toshimitsu Motegi will keep his post, Japanese media said.

Finance ministry bureaucrat-turned legislator Takayuki Kobayashi is likely to assume the new post of minister dealing with economic security policy, with an eye on assertive China, NHK said.

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