TOKYO (Reuters) - The Japanese government is looking to prepare an extra budget of more than 500 billion yen ($4.5 billion) for reconstruction in the areas affected by the recent earthquakes in southern Japan, sources told Reuters.
Prime Minister Shinzo Abe ordered his government on Sunday to compile the extra budget package to fund reconstruction.
The government aims to get approval from the cabinet on May 13 and put it into effect by June 1 when the current session of parliament ends, the sources said.
(Reporting by Takaya Yamaguchi, writing by Kaori Kaneko, editing by Chris Gallagher)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app