The finance minister told the Diet the government will prevent the number of coronavirus infections from rising further "while supporting employment and business."
For Keita Nakamura's latest contributions to The Japan Times, see below:
One economist said about ¥4.89 trillion ($47.5 billion) of domestic consumption is estimated to disappear due to the state of emergency declaration for the Tokyo area.
Separate data showed the job availability ratio in the reporting month also improved to 1.06 from 1.04 the previous month, up for the second straight month.
"It's a waste of money to take consumption-stimulating steps through extra budgets at a time when we have yet to contain the spread of the virus," one economist said.
The budget raises concern over a further deterioration of the country's fiscal health, already the worst among major economies.
Ispace hopes to deliver payloads, including research equipment, to the moon in support of future NASA missions.
At the virtual summit, Prime Minister Yoshihide Suga emphasized the importance of guaranteeing universal access by supplying treatment drugs and vaccines for COVID-19.
It will be the first such demonstration project assumed to be subject to the Japanese government's carbon dioxide emission trading program.
If a second state of emergency is called, the effect on the economy could be severe, experts warn.
The Group of 20 also discussed extending its debt relief program for developing nations and new tax rules for online giants Google, Amazon, Apple and Facebook.