JAPAN’S BUDGET FOR FY2021 LIKELY TO BE MORE THAN $986 BILLION DUE TO PANDEMIC

Highlights –

• Japan’s budget for FY2021 to be more than $986 billion due to pandemic.
• Some 5 trillion yen has already been set aside for funds in addition to the above amount.
• The current FY2020 budget has been 102.66 trillion yen so far.
• As of the end of fiscal 2019, the country’s public debt has exceeded 1,100 trillion yen.

Due to an increa....