Japan’s government will consider drafting a supplementary budget for disaster relief if the JPY 500 billion ($4.6 billion) it has in reserve is not enough, Finance Minister Taro Aso said on Tuesday after Typhoon Hagibis flooded large areas of eastern Japan.
Observers believe Hagibis will almost certainly be a multi-billion dollar disaster. Prime Minister Abe was out on the wires earlier today stating that the economic impact from the weekend typhoon may be prolonged.
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