December 22, 2020

Asia

JAPAN: New budget shows deficit spending will continue as pandemic recedes

BY Tobias Harris

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( 4 mins) 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 […]

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