Japan PM Yoshihide Suga directs cabinet to prepare third supplementary budget amid COVID

Japanese Prime Minister Yoshihide Suga on Tuesday instructed his cabinet to prepare for a third budget this year in order to support ar stimulus pack for country. pack is aimed at reviving ecomic growth of country, which has been battered by COVID-19 pandemic. According to Japan Times, upcoming budget is going to be in range of 10 to 15 trillion Japanese Yen.

Re:  Japan PM Suga Wishes Joe Biden And Kamala Harris, Looks Forward To Strengning Alliance

Expected to create new jobs

stimulus pack is expected to create new employment opportunities for people as Labour Ministry earlier in day informed that 70,000 jobs have been lost during course of pandemic. Suga reportedly told his ministers to create a budget that will kickstart growth in country in line with private demand. budget is also expected to improve country's disaster preparedness and provide support to companies to strengn ir supply chains. 

Re: Japan PM Comments On Phone Conversation With Biden

Apart from COVID-19 stimulus pack, budget is also expected to provide a new path of growth for country keeping in line with international greenhouse emission standards, and will also include digital transformation. Japan has alrey seen two supplementary budgets of about 57 trillion yen this year after pandemic hit country. Both of budgets were anunced by Suga's predecessor Shinzo Abe. 

Re: Japan Emperor's Bror Proclaimed 1st In Line To Throne

Japan has recorded nearly 1,10,000 COVID-19 cases since start of pandemic, most of which came since end of July. So far, 1,834 people have lost ir lives in country. Tens of thousands of people have been affected financially and are struggling to bring ir lives back to rmal.  

Re: South Korea, Japan, US Discuss Korean Peninsula, US Election & COVID In Recent Talks

(Im Credit: AP)