Japan govt will spend $24 billion in budget reserves to cope with price hikes
9:21 pm Monday, September 19th, 2022
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)
(Reporting by Tetsushi Kajimoto; Editing by Shri Navaratnam)
