Prime Minister Shinzo Abe on Friday instructed ministers to draw up a financial package to assist reconstruction in areas hit by recent natural disasters and to cope with other risks to the economy both domestic and abroad, such as the U.S.-China trade row and the U.K.’s exit from the European Union.
The government plans to earmark necessary funds for the package, expected to be worth a few trillion yen, in a supplementary budget for fiscal 2019 through March and in the fiscal 2020 budget, government officials said.
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