The Suga cabinet approved its draft FY2021 budget on Monday, 21 December, which for the third-straight year topped JPY 100tn (USD 966.6bn), climbing to a record high of roughly JPY 106tn (USD 1.02tn). While the top priority is providing fiscal stimulus for Japan’s Covid-19-stricken economy, the budget is Prime Minister Yoshihide Suga’s first opportunity to shape public spending to reflect his policy priorities. Additional support will be provided by the JPY 19.2tn (USD 185.6bn) third FY2020 supplemental budget that will be submitted to the Diet in January.
To this end,
JAPAN: Suga puts his stamp on economic policy in new stimulus package
JAPAN: A second historic stimulus package alone will not cure what ails Abe
JAPAN: Cabinet approves revised budget, significantly increasing fiscal outlays
JAPAN: Abe seeks emergency law, economic measures as political fortunes improve
EUROPE: Managing the pandemic – what we are watching
- December 22, 2020
- 15:23
Asia
JAPAN: New budget shows deficit spending will continue as pandemic recedes
Share on twitter
Share on whatsapp
Share on facebook
Share on linkedin
Share on email
Listen to our reports with a personalized podcasts through your Amazon Alexa or Apple devices audio translated into several languages