Japan submits record extra budget to parliament for COVID-hit economy

Japan's government on Monday submitted to parliament a draft extra budget for fiscal 2021 worth a record 36.0 trillion yen ($320 billion) to partially finance its latest economic package, aiming to help the economy recover from the coronavirus pandemic.With the first supplementary budget for the current fiscal year through March, Prime Minister Fumio Kishida's administration will also prepare for another wave of COVID-19 infections that could occur during the winter, amid growing concerns over the emergence of the Omicron coronavirus variant.The extra budget entails new government bond issu…READ FULL ARTICLE