Japan to compile 22 tril. yen extra budget to fight pandemic

The government will compile a 21.84 trillion yen ($210 billion) third extra budget for fiscal 2020 to address the economic fallout from the coronavirus pandemic, officials said Monday.It will newly issue 22.40 trillion yen worth of bonds to help finance the supplementary budget and cover revenue shortfalls in the year through March due to the impact of the pandemic on corporate earnings, the officials said.The move will bring Japan's total new debt issuance for the fiscal year to a record of over 112 trillion yen, more than double the previous record of 51.95 trillion yen marked in fiscal 2…READ FULL ARTICLE