The Japanese government has decided to expand its supplementary budget for the current fiscal year that began April 1 by more than 80 billion dollars. The move is to help fund cash handouts aimed at easing the economic impact of the coronavirus pandemic.

The supplementary budget now comes to more than 230 billion dollars. It will partly fund an emergency economic package worth about 1.1 trillion dollars.

Japanese telecom giant SoftBank Group announced on Monday that it expects to post a huge loss for fiscal 2019, which ended in March.

The group forecasts an operating loss of 1.35 trillion yen, or about 12.5 billion dollars.

The Japanese government says the amount it has spent directly related to running the 2020 Tokyo Olympics and Paralympics has so far reached 277.7 billion yen, or about 2.5 billion dollars.

The figure is for the period starting in fiscal 2013, when Tokyo was selected as the host city, until fiscal 2020 beginning in April.