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Japan Cabinet Approves Use Of $4.6 Bn of Reserves to Support Pandemic-Hit Businesses

April 30, 2021 4:00 pm
Smriti Rajan
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Japan Cabinet Approves Use Of $4.6 Bn of Reserves to Support Pandemic Hit Businesses
The money will be drawn from 5 trillion yen in coronavirus-related reserve funds.

Japan’s cabinet said on Friday it would spend 500 billion yen ($4.59 billion) from emergency reserves to support pandemic-hit businesses.

The money will be drawn from 5 trillion yen in coronavirus-related reserve funds that the government has allocated as part of its budget for the current fiscal year.

News Source: Reuters

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Smriti Rajan

Smriti Rajan comes from a political science and literature background, having an immense passion for writing across varied topics. She has written several articles and blogs for diverse audiences worldwide. She has produced several research publications, policy frameworks, and opinion pieces for think tanks, government institutions and corporates. Alongside this, she writes for a large Fortune 500 clientele and is a key contributing writer for Wikistrat on their EMEA desk. Currently, she resides in India.