The government needs to set up a fund of up to ¥10 trillion ($96 billion) to invest in the green and digital transformation of society that is a key goal for Prime Minister Yoshihide Suga, according to one of the prime minister’s advisers.
"Creating this will be a major part of the upcoming extra budget,” said Mitsumaru Kumagai, chief economist at Daiwa Institute of Research Ltd. in an interview.
The third additional budget this year is likely to contain overall real spending of around ¥15 trillion, added Kumagai, who was appointed as one of six new advisers to Suga last month.