Reuters’ LDP heavyweight says Japanese government will set up a large additional budget after the election

ছবি Photo from Reuters file: Japanese Economy Minister Akira Amari, Tokyo, Japan 2 news January, 2016 speaking at a press conference. Reuters / Yua Shino

TOKYO (Reuters) – Japan will compile a substantially large supplementary budget right after the upcoming general election in the wake of epidemic woes and long-term growth in areas such as green, digital and infrastructure, a ruling party heavyweight said Sunday.

“The first thing to deal with is the vaccine. It is the strongest of the coronavirus systems,” Akira Amari, the newly elected secretary general of the Liberal Democratic Party (LDP), told the public broadcaster NHK’s political debate program.

Amari said Japan’s vaccination rate should now be raised from around 0% to 70% to 0%, which is considered a measure of public concern.

“We have responded to various measures by tapping into the emergency budget reserve. Now that the reserve is drying up, we will compile a large enough budget soon after the election.”

Because of the deadly public money, Japan’s next prime minister, Fumio Kishidar, may have little choice but to sell more government bonds to fund the epidemic-relief package, which he said is worth hundreds of billions of dollars.

Kishida, a former foreign minister, won the LDP leadership race on Wednesday and is almost certain to have Suga as prime minister in Yoshihide on Monday because of the party’s majority in the lower house.

Kishida is expected to be formally voted prime minister when parliament convenes on Monday, and a cabinet reshuffle will be announced the next day.

Amari, a former economy minister who is considered Japan’s longest-serving prime minister’s main ally, was appointed secretary general on Friday.

Disclaimer: Fusion Media I would like to remind you that the data on this website is not necessarily real-time or accurate. All CFDs (stocks, indexes, futures) and forex prices are provided by market makers rather than exchanges, and so prices may not be accurate and may differ from actual market prices, meaning prices are not indicative and suitable for trading purposes. Therefore, Fusion Media is not responsible for any of your trading losses as a result of using this data.

Fusion Media Or anyone involved with Fusion Media will not assume any liability for loss or damage as a result of relying on the information contained in this website, including data, quotes, charts and buy / sell signals. Please be fully aware of the risks and costs associated with trading in the financial markets, this is one of the potential risky investment forms.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button