Japan to spend $6.3 billion for tariff relief package, Kyodo reports

TOKYO: Japan’s government plans to spend 900 billion yen ($6.3 billion) in state funds for an emergency relief package to cushion the blow from US tariffs, Kyodo news agency reported on Monday.

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To finance the package including mitigation of utility costs and financial aid for smaller firms, the government plans to utilise budget reserves, which would be decided as early as Tuesday, and existing budgets, Kyodo reported.