Japan will compile a second supplementary budget for the current fiscal year to fund new measures to combat the economic fallout from the coronavirus pandemic, the Nikkei newspaper reported on Monday.
The package would aim to cushion the blow to the world’s third-largest economy, which is on the cusp of deep recession amid a plunge in global demand and a local state of emergency that has been extended through to the end of May.
The government plans to pass the supplementary budget through the current parliamentary session that runs through June 17, the paper said, without citing sources.
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