Japan enacts record extra budget to fund package for COVID-hit economy

Japan's parliament on Monday enacted a record 36.0 trillion yen ($320 billion) supplementary budget for fiscal 2021, partially financing the government's latest economic package to get the coronavirus pandemic-hit economy back on a solid recovery path.Lavish spending plans under the first extra budget for the current fiscal year through March highlight Prime Minister Fumio Kishida's stance of prioritizing economic revitalization while putting on the back burner for the time being the restoration of the nation's fiscal health, the worst among advanced economies.The government will be forced …READ FULL ARTICLE