The extra budget will also help fund a record high overall economic package that was increased from an initial 108.2 trillion yen to 117.1 trillion yen, in part, so the emergency funding could cover the government's hasty decision to provide across-the-board cash handouts of 100,000 yen to those living in Japan.
The government's latest supplementary spending package far eclipses the package compiled in the wake of the 2008 financial global crisis when the government rolled out an emergency stimulus package worth 56.8 trillion yen to cushion the downside effects.
After the sales tax was raised from 8 to 10 percent here last October, a 26 trillion yen stimulus package was also approved thereafter to help counter the negative effects, also considerably less than the latest measures. (1 U.S. dollar equals 107.02 Japanese yen).
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