The Japanese cabinet approves the use of $ 4.6 billion reserves to support companies affected by pandemics

© Reuters. The first day of Japan’s third state of emergency in Tokyo

TOKYO (Reuters) – Japan’s cabinet said Friday it would spend 500 billion yen ($ 4.59 billion) from emergency reserves to help pandemic-hit businesses.

The money will be drawn from 5 trillion yen in coronavirus-related reserve funds that the government has allocated as part of its budget for the current fiscal year.

($ 1 = 108,8300 yen)

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