Japan's extra budget to fund steps to combat coronavirus pandemic passes through current diet session – Reuters

Reuters has picked up on a piece by the Nikkei which states that Japan will compile a second supplementary budget for the current fiscal year to fund additional measures to combat the economic fallout from the coronavirus pandemic, the Nikkei newspaper reported on Monday.

The government plans to pass the supplementary budget through the current parliamentary session that runs through June 17, the paper said, without citing sources.

Key notes

• Japan govt to compile 2nd extra budget to fund steps to combat coronavirus pandemic, pass through current diet session – Nikkei.
• Japan 2nd extra budget to mainly fund rent assistance, aid for students faced with falling income, expansion of corporate subsidies – Nikkei.

USD/JPY updates

• USD/JPY Forecast: Bearish trend remains in place

• USD/JPY: On the bids towards 107.00 amid fresh trade/virus worries