FILE PHOTO: People wear face masks at Shinagawa station during the rush hour after the government expanded a state of emergency to include the entire country following the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan, April 20, 2020. REUTERS/Kim Kyung-Hoon/File Photo
April 20, 2020
TOKYO (Reuters) – Japan’s economic stimulus package will be revised to 117.1 trillion yen ($1.086 trillion) from 108.2 trillion yen, boosted by the expansion of a cash payout scheme aimed at lessening the pain from the coronavirus outbreak, a draft obtained by Reuters showed.
Fiscal spending will account for 48.4 trillion yen, of which around 25.6 trillion yen will be funded by an extra budget for the fiscal year that began on April 1, it showed.
The extra spending plan is expected to be approved by Prime Minister Shinzo Abe’s cabinet as early as Monday.
(Reporting by Takaya Yamaguchi; Writing by Tetsushi Kajimoto; Editing by Chang-Ran Kim)
