Japan’s Latest Extra Budget Adds $210 Billion in Spending
- The aid money comes as the coronavirus resurges in Japan
- Budget includes money for controversial travel incentives
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Japan’s cabinet approved a third extra budget with 21.8 trillion yen ($210 billion) in spending, as Prime Minister Yoshihide Suga looks to support the economy amid a resurgence of virus cases.
The budget includes 1 trillion yen in additional funding for domestic travel incentives that the government this week temporarily suspended amid concern it might fan the spread of the virus. The apparent contradiction shows how fast the pandemic is moving and the bind Suga finds himself in as he reins in a stimulus measure he’s championed.