The government's emergency package to cushion the economy from impacts of the COVID-19 pandemic has reached ¥117.1 trillion after the government approved a revised supplementary budget for fiscal 2020 on Monday.
The increase from the initial package worth ¥108.2 trillion comes after a sudden policy shift to provide universal cash handouts of ¥100,000 per every individual in Japan, instead of the original plan to give ¥300,000 to each household whose income had fallen sharply due to the virus outbreak.
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