Japan's $94 billion reserve that can be tapped without parliamentary oversight to combat the coronavirus outbreak sparks ire. Opposition lawmakers branded it Prime Minister Shinzo Abe's 'pocket money'
TOKYO - A $94 billion emergency fund that can be tapped without parliamentary oversight has been branded Japanese Prime Minister Shinzo Abe’s “pocket money” by opposition lawmakers alarmed at its unprecedented size.
“We’ll report to parliament how we spend the money as needed and at the appropriate time,” Abe told parliament on Friday. The fund, part of Japan’s second $1.1 trillion economic stimulus package, is set to pass through parliament on Friday.
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