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Japan cabinet approves use of $4.6 billion of reserves to support pandemic-hit businesses

Reuters
The first day of Japan's third state of emergency in Tokyo

TOKYO (Reuters) - Japan's cabinet said on Friday it would spend 500 billion yen ($4.59 billion) from emergency reserves to support pandemic-hit businesses.

The money will be drawn from 5 trillion yen in coronavirus-related reserve funds that the government has allocated as part of its budget for the current fiscal year.

($1 = 108.8300 yen)

(Reporting by Daniel Leussink and Sakura Murakami; Editing by Chang-Ran Kim)