TOKYO (Reuters) – Japan’s cabinet said on Friday it would spend 500 billion yen ($4.59 billion) from emergency reserves to support 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)
(Reporting by Daniel Leussink and Sakura Murakami; Editing by Chang-Ran Kim)
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