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Japan to allocated additional bonds for 238 billion dollars to restore economy

Source : 112 Ukraine

Japanese government expands cash payment programs to support households
12:53, 20 April 2020

Open source

The Japanese government plans to issue additional bonds in the amount of 25.6914 trillion yen (238.24 billion dollars) to restore the economy affected by the coronavirus, as Reuters reports, with reference to the government bill.

The need to attract this amount is due to the fact that the Japanese government has expanded cash payment programs to support households as part of measures to stimulate the economy.

Related: State will pay compensation to Ukrainian airlines for evacuation charter flights

Initially, the draft additional budget for fiscal year 2020 provided for the issuance of state loans for 16 trillion 705 billion 800 million yen.

According to Nippon.com, the total volume of new Japanese government loans for the fiscal year 2020 was to reach 49 trillion 361 billion 900 million yen.

As we reported before, on an early morning Monday, April 20, a magnitude 6.4 earthquake struck the east coast of Japan.

"The epicenter of the earthquake was 41.7 km from the seabed of the Pacific Ocean, less than 50 km from the coast of Miyagi Prefecture," the report said.

Related: Five EU countries today lift quarantine restrictions

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