Details Revealed On $184 Bil. Extra Budget

Details revealed on $184 bil. extra budget

NHK has learned the details of the Japanese government's extra spending package. The third supplementary-budget draft is aimed in part at tackling the coronavirus pandemic. It's worth more than 19 trillion yen, or 184 billion dollars, and covers the current fiscal year that ends March 31.

The government plans to finalize the draft on Tuesday.

Japan Compiles Fresh $700 Bil. Stimulus Package

Japan compiles fresh $700 bil. stimulus package

Japan's Prime Minister says the government has compiled an additional stimulus package worth over 700 billion dollars to tackle the effects of the coronavirus pandemic on the economy.

Prime Minister Suga Yoshihide spoke at a meeting with senior officials on Tuesday.

Suga Sets Out $19 Bil. Carbon Neutrality Fund

Suga sets out $19 bil. carbon neutrality fund

Japanese Prime Minister Suga Yoshihide says the government will establish a fund of 2 trillion yen, or over 19 billion dollars, to reduce the nation's greenhouse gas emissions to net zero by 2050.

He made the announcement at a news conference on Friday.

Extra Costs For Tokyo Games Estimated At $1.9 Bil.

Extra costs for Tokyo Games estimated at $1.9 bil.

Sources say the organizing committee of the Tokyo Olympics and Paralympics now estimates that the extra costs related to the Games' postponement will come to about 200 billion yen, or 1.9 billion dollars.

The original cost estimate for the Games was about 13 billion dollars, excluding a reserve fund.

'demon Slayer' Film Tops 20 Bil. Yen Mark

'Demon Slayer' film tops 20 bil. yen mark

The animated movie "Kimetsu no Yaiba," or "Demon Slayer," has earned 20 billion yen in its first 24 days in theaters across Japan. It reached the milestone much faster than the 59 days it took the 2001 animated fantasy film "Spirited Away."

The film's distributor, Toho, says more than 15.3 million people watched the movie in theaters from October 16 to Sunday. It raked in 20.4 billion yen, or nearly 200 million dollars.

Former Toshiba Chip Unit Postpones $14 Bil. Ipo

Former Toshiba chip unit postpones $14 bil. IPO

Major Japanese memory-chip maker, Kioxia Holdings, has shelved its plans to go public next week, amid growing uncertainty surrounding its business. The escalating tussle between Washington and Beijing over tech firms was behind the move.

The company is a spin-off of electronics giant Toshiba's memory chip business. Its board made the decision on Monday.

Softbank To Sell Arm Unit To Nvidia For $40 Bil.

SoftBank to sell Arm unit to Nvidia for $40 bil.

Japan's SoftBank Group has announced that it has agreed to sell leading chip designer Arm to US-based Nvidia in a deal worth up to 40 billion dollars.

SoftBank Group and its Vision Fund will sell all shares in UK-based Arm in a cash and stock deal.

Study: Meteorite Collisions 4.4 Bil. Years Ago

Study: Meteorite collisions 4.4 bil. years ago

Japanese researchers say intense meteorite collisions during the formation of the solar system may have occurred about 4.4 billion years ago, much earlier than previously thought.

Previous studies of Moon craters suggested a large number of meteorites collided with the Earth, the Moon, and other planets shortly after the beginning of life on Earth about 3.9 billion years ago.

Seven & I To Buy Us Speedway Chain For $21 Bil.

Seven & i to buy US Speedway chain for $21 bil.

Major Japanese retailer Seven & i Holdings is to buy a US refinery's chain of convenience stores for 21 billion dollars.

Marathon Petroleum Corporation's Speedway unit has about 3,900 gas stations with convenience stores across the United States. That makes Speedway the country's third-largest convenience-store operator.

Nissan Expects Over $6 Bil. Net Loss In Fy2020

Nissan expects over $6 bil. net loss in FY2020

The latest earnings forecast from Nissan Motor suggests the coronavirus is making life even harder for the struggling automaker. The firm is projecting a net loss of more than $6 billion in the current fiscal year.

Company executives say the loss for the April to June quarter reached 285.5 billion yen, or 2.7 billion dollars. They say the full-year net loss is likely to be 670 billion yen, or about 6.4 billion dollars. That's about the same as the previous year.

Japan Eyes $3.7 Bil. For Rain-hit Regions

Japan eyes $3.7 bil. for rain-hit regions

Japanese Prime Minister Abe Shinzo says the government will compile a financial package of more than 3.7 billion dollars to help regions in the southwest and elsewhere left battered by record rainfall.

Abe revealed the plan to reporters as he visited the disaster-stricken city of Hitoyoshi, Kumamoto Prefecture, on Monday.

Japan To Boost Stimulus By More Than $80 Bil.

Japan to boost stimulus by more than $80 bil.

Japan's government is to expand an extra budget by more than 80 billion dollars to fund cash handouts to ease the economic impact of the coronavirus.

The government will now submit the supplementary budget worth more than 230 billion dollars for the fiscal year that began on April 1 to fund an emergency economic package worth about 1.1 trillion dollars.