Japan's prime minister has instructed his cabinet to compile a third supplementary budget draft for fiscal 2020

Suga Yoshihide is calling for efforts to maintain an economic recovery while preventing the spread of the coronavirus.

Suga told a cabinet meeting on Tuesday that the budget should cover additional economic measures based on three major pillars.

The first is to prevent a further spread of coronavirus infections. The second is to achieve a virtuous cycle by shifting the economic structure towards digital reforms and a greener society. And the third is to make Japan stronger against disasters.

Japan's finance minister Aso Taro says the government needs to ensure that a recovery is led by private demand since the latest data shows that demand is picking up not only for automobiles but in many other industries as well. Aso did not mention the expected scale of the budget.

Source: ANNnewsCH