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.

Tokyo May Pay Largest Share Of Games Extra Costs

Tokyo may pay largest share of Games extra costs

NHK has learned that the Tokyo Metropolitan Government is expected to pay the largest portion of additional costs for next year's Olympics and Paralympics.

The extra spending is due to be shared by the metropolitan government, the central government, and the Games' organizing committee.

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.

Upper House Committee Approves 2nd Extra Budget

Upper House committee approves 2nd extra budget

Japan's Upper House budget committee approved a second supplementary budget for the current fiscal year on Friday to respond to the impact of the coronavirus outbreak. The budget is expected to be enacted in the afternoon at a plenary session.

The economic package is worth 31.9 trillion yen, or more than 298 billion dollars, a record for a supplementary budget.

Aso Calls For Swift Passage Of Extra Budget

Aso calls for swift passage of extra budget

Japan's Finance Minister Aso Taro has called on Diet lawmakers to swiftly approve a supplementary budget bill to implement emergency economic measures.

The extra budget for the current fiscal year will partially fund a stimulus package worth 117 trillion yen, or about 1.1 trillion dollars, to shore up Japan's economy, which has been severely affected by the coronavirus outbreak. The package includes a cash handout of 100,000 yen to all residents in the country.

Govt. Submits Extra Budget For Rescue Package

Govt. submits extra budget for rescue package

The Japanese government has submitted to the Diet a supplementary budget plan aimed at easing the economic impact of the coronavirus outbreak.

The government on Monday submitted the bill worth more than 230 billion dollars for the fiscal year that began on April 1. It will partly fund an emergency economic package worth 1.1 trillion dollars.

Ioc Says Japan Will Shoulder Extra Games Costs

IOC says Japan will shoulder extra Games costs

The International Olympic Committee has hinted that it will ask Japan to bear most of the additional costs related to the postponement of the Tokyo Olympics.

Due to the coronavirus pandemic, the Games have been rescheduled to begin on July 23 next year. They were originally scheduled for this summer. The postponement is thought likely to add several billion dollars to the final bill for hosting the Olympics.

Japan To Increase Extra Budget By $80 Bil.

Japan to increase extra budget by $80 bil.

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.

Teachers Asked To Support Extra Daycare

Teachers asked to support extra daycare

Japan's health ministry has drafted a plan to provide daycare for children whose schools have been asked to close to stop the spread of the coronavirus.

The plan was compiled after Prime Minister Shinzo Abe requested the temporary closure of all schools from Monday.