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Japan to tap budget reserves worth $5.2 billion to protect jobs, supply chains

FILE PHOTO: A shopper wearing a protective mask pushes a shopping cart at Japan's supermarket group Aeon's shopping mall as the mall reopens amid the coronavirus disease (COVID-19) outbreak in Chiba, Japan May 28, 2020. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) - Japan’s cabinet decided on Friday to tap emergency budget reserves worth 549 billion yen ($5.2 billion) to support supply chains and farmers and provide job subsidies to cushion the impact of the COVID-19 pandemic, the Ministry of Finance said.

That leaves 7.28 trillion yen in reserves out of a total 11.5 trillion yen originally earmarked to combat the health crisis.

Reporting by Tetsushi Kajimoto; Editing by Chris Gallagher

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