Japan to Boost Fund to Help With Strong Yen to $130 Billion
This article is for subscribers only.
Japan will increase a fund to help companies cope with a surging yen by about 25 percent to 10 trillion yen ($130 billion), according to a document obtained from a ruling Democratic Party of Japan official.
The government will increase from 8 trillion yen the foreign-exchange reserves being shifted to the state-run Japan Bank for International Cooperation to aid exporters and spur acquisitions overseas. The cabinet is scheduled to agree on the plan at a meeting tomorrow, according to the document.