Japan gov't to compile big extra budget after polls, says LDP heavyweight


FILE PHOTO: Japan's Economics Minister Akira Amari speaks during a news conference in Tokyo, Japan, January 28, 2016. REUTERS/Yuya Shino

TOKYO (Reuters) - Japan will compile a considerably large supplementary budget immediately after the upcoming general election to ease pandemic pain and back long-term growth in areas such as green, digital and infrastructure, a ruling party heavyweight said on Sunday.

"What must be tackled at first is vaccinations. This is the strongest of coronavirus measures," Akira Amari, newly appointed secretary-general of the Liberal Democratic Party (LDP), told public broadcaster NHK's political debate programme.

Japan should bring the vaccination rate from around 60% at present to as much as 70% to 80%, levels seen as easing anxiety among the public, Amari said.

"We have responded with various measures by tapping emergency budget reserves. Now the reserves are drying up, we will compile a considerably large extra budget immediately after election."

Given dire public finances, Japan's next prime minister, Fumio Kishida, may have little choice but to sell more government bonds to fund a pandemic-relief package that he said would be worth hundreds of billions of dollars.

Kishida, a former foreign minister, won the LDP's leadership race on Wednesday and is almost certain to take over Yoshihide Suga as premier on Monday by virtue of the party's majority in the powerful lower house.

Kishida is widely expected to be officially voted in as prime minister when parliament is convened on Monday and will announce a cabinet reshuffle later in the day.

Amari, a former economy minister seen as a key ally of Japan's longest-serving premier Shinzo Abe, was appointed secretary-general on Friday.

(Reporting by Tetsushi Kajimoto; Editing by Christopher Cushing)

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

South Africa's ANC on track for big drop in voter support in municipal vote
Russia has seized dozens of Ukrainian hotels. One owner is fighting back
Pope Leo starts South America 'homecoming' tour a month after lung surgery
Hegseth vows to keep fighting from Pentagon, defends Iran war
90 million displaced people at risk from climate threats, UN refugee agency says
New Zealand election campaign enters final day with result too close to call
Trump says he met Putin envoy Dmitriev
Serbia's student-led list wins parliamentary election with 140 seats
Two Egyptian army officers killed in gold-mining crackdown on southern border, military says
Trump says Oval Office to become national monument

Air Pollutant Index

Note: API is calculated based on 24hr running average of the most dominant parameter.

Highest API Readings

    Select State and Location to view the latest API reading

    Others Also Read