Japan's parliament to pass $241 bln extra budget to combat pandemic fallout [Reuters]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
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Source: Reuters
Japan's parliament to pass $241 billion extra budget to combat pandemic fallout TOKYO (Reuters) - Japan’s parliament is set to approve on Thursday a $241 billion supplementary budget to fund a record stimulus package featuring cash payouts and loans to cash-strapped firms to cushion the economic blow from the coronavirus pandemic. But the deepening pain from the pandemic, which has forced residents to stay home and businesses to shut down, is already drawing calls from politicians for even bigger spending. With the Bank of Japan pledging on Monday to buy unlimited amounts of bonds to keep borrowing costs low, Japan is set to follow the footsteps of other major economies towards “helicopter money” - money-printing by central banks to finance government debt. “The steps taken so far are for crisis response and could be temporary. But if the crisis is prolonged, they could be readily strengthened,” said Chotaro Morita, chief bond strategist at SMBC Nikko Securities. “This could mark the
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SMFG
Sec Filings
- 12/4/25 - Form 6-K
- 12/4/25 - Form 6-K/A
- 12/4/25 - Form 6-K/A
- SMFG's page on the SEC website