Japan to ensure swift recovery from pandemic with relief steps -finance minister By Reuters

TOKYO (Reuters) – Japan’s government will urgently and flexibly take steps to ease the pain of the surging cost of living to ensure the economy’s recovery from COVID-induced doldrums, Finance Minister Shunichi Suzuki said on Wednesday.

Suzuki made the remark just before parliament began debate on a supplementary budget worth 2.7 trillion yen ($21 billion) to help households and small firms cope with high energy and food prices.

The extra budget will be funded by bond sales, which could further strain a public debt that is already more than twice as large as annual economic output.