Japan FY 2021 budget requests likely to top 100 tril. yen for 7th yr

Budget requests by government ministries and agencies for fiscal 2021 will likely exceed 100 trillion yen ($947 billion) for the seventh straight year, a Kyodo News tally showed Saturday, with the possibility of the sum reaching another record-high.The budget with the initial requests to be compiled for the first time under the administration of Prime Minister Yoshihide Suga does not fully include costs for responding to the new coronavirus pandemic. When reflected, the total could top the record high of 102.66 trillion yen for fiscal 2020.The Ministry of Health, Labor and Welfare made the lar…

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HEDGE accordingly