You are here

Japan's 10t yen reserve to combat pandemic sparks ire as PM Abe's 'pocket money'

rk_ShinzoAbe_120620.jpg
Mr Abe has said the 10 trillion yen will allow the government to move swiftly to mitigate the impact of the coronavirus outbreak - a "once in a century crisis" which has devastated the economy.

[TOKYO] A 10 trillion yen (S$130.54 billion) emergency fund that can be tapped without parliamentary oversight has been branded Japanese Prime Minister Shinzo Abe's "pocket money" by opposition lawmakers alarmed at its unprecedented size.

Mr Abe has said the 10 trillion yen will allow the...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes