Advertisement
Singapore markets closed

  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     

  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • Bitcoin USD

    63,896.50
    -794.09 (-1.23%)
     

  • CMC Crypto 200

    1,331.87
    -64.67 (-4.63%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • Dow

    38,239.66
    +153.86 (+0.40%)
     

  • Nasdaq

    15,927.90
    +316.14 (+2.03%)
     

  • Gold

    2,350.40
    +7.90 (+0.34%)
     

  • Crude Oil

    83.66
    +0.09 (+0.11%)
     

  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     

  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     

  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     

  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

Japan to spend about $27 billion in second extra budget for FY2018/19 - sources

Reuters
FILE PHOTO: Pedestrians walk on an overpass at a business district in Tokyo December 24, 2013. REUTERS/Yuya Shino (Reuters)

TOKYO (Reuters) - Japan's government is set to spend about 3 trillion yen (£20.9 billion) in a second extra budget for this fiscal year to boost infrastructure, support for farmers and deal with natural disasters, two government sources with direct knowledge of the matter told Reuters.

Prime Minister Shinzo Abe's cabinet is expected to decide on the additional budget later this month for submission to parliament in January, the sources said on condition of anonymity because they are not authorised to speak to media.

To help fund the extra spending, the government plans to issue new bonds worth 1.3 trillion yen in the current fiscal year to end-March 2019, the sources said.

(Reporting by Takaya Yamaguchi; Writing by Tetsushi Kajimoto; Editing by Darren Schuettler)