TOKYO (Reuters) – Japan’s Cabinet has decided to spend 385.6 billion yen ($3.71 billion) in emergency budget reserves to back the country’s domestic travel campaign, the Ministry of Finance said on Friday.
The government would flexibly respond to the situation surrounding infections on the basic assumption that the campaign would be extended to the end of June 2021 while being subject to review in stages, it added.
However, the government may stop travel subsidies meant to boost regional economies on concerns that the tourism campaign may spread the coronavirus amid a recent resurgence in infections, domestic media reported earlier.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.