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Japan to spend 700 b. yen in reserves for virus response

  • September 4, 2020
  • , Jiji Press , 5:00 p.m.
  • English Press

Tokyo, Sept. 4 (Jiji Press)–The Japanese government plans to spend over 700 billion yen in reserve funds for measures against the novel coronavirus epidemic, it was learned Friday.


Hiroshi Moriyama, parliamentary affairs chief of the ruling Liberal Democratic Party, told his counterpart Jun Azumi of the main opposition Constitutional Democratic Party of Japan the same day that the cabinet will give approval to the spending on Tuesday.


Moriyama and Azumi agreed that the boards of the budget committees in both chambers of parliament will hear explanations on the spending plan from the government in meetings on Tuesday.


“I believe the spending decision is based on the planned purchase of vaccines (against the novel coronavirus) from pharmaceutical companies,” Moriyama told reporters.

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