Economic news
Japan govt will spend $24 billion in budget reserves to cope with price hikes
2022.09.20 02:41
© Reuters. FILE PHOTO: Japanese Prime Minister Fumio Kishida speaks during a news conference at the prime minister’s official residence in Tokyo, Japan October 14, 2021. Eugene Hoshiko/Pool via REUTERS/File Photo
TOKYO (Reuters) – Japan will spend 3.48 trillion yen ($24.31 billion) in budget reserves to cope with ongoing price hikes and respond to COVID-19, the Ministry of Finance said on Tuesday.
The decision was made at a meeting of Prime Minister Fumio Kishida’s cabinet.
($1 = 143.1800 yen)
