• Kyodo

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Japan's initial budget for fiscal 2021 will total about ¥106.61 trillion ($1.03 trillion), a record high for the ninth straight year, as it plans to add ¥5 trillion to reserve funds for future response to the coronavirus pandemic, government sources said Thursday.

Topping ¥100 trillion for the third year in a row, the budget for the year starting in April will far exceed fiscal 2020's initial budget of ¥102.66 trillion.

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