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While speaking to parliament on Friday, Japanese Prime Minister (PM) Shinzo Abe said that he will account of the money spent on tacking the coronavirus impact on the economy to Diet, responding to the accusations from the opposition lawmakers.

Abe said: “We’ll report to parliament how we spend the money as needed and at the appropriate time.” 

This comes as the Japanese opposition party lawmakers branded the $94 billion emergency fund as Abe’s ‘pocket money’, as they are alarmed by its unprecedented size.

A Financial Ministry official noted: “It’s awful. It’s a huge blank cheque that would leave Japan with a bad precedent.” 

The proposed fund, part of Japan’s second $1.1 trillion economic stimulus package, is set to pass through parliament on Friday.

 

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