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Japan to tap budget reserves worth 549b yen to protect jobs, supply chains

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Japan's cabinet decided on Friday to tap emergency budget reserves worth 549 billion yen (S$7.1 billion) to support supply chains and farmers and provide job subsidies to cushion the impact of the Covid-19 pandemic, the Ministry of Finance said.

[TOKYO] Japan's cabinet decided on Friday to tap emergency budget reserves worth 549 billion yen (S$7.1 billion) to support supply chains and farmers and provide job subsidies to cushion the impact of the Covid-19 pandemic, the Ministry of Finance said.

That leaves 7.28 trillion yen in reserves out of a total 11.5 trillion yen originally earmarked to combat the health crisis.

REUTERS

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