Japan govt says it will consider extra budget for typhoon relief - Reuters

Omkar Godbole FXStreet Contributor

Japan's government will consider drafting a supplementary budget for disaster relief if the JPY 500 billion ($4.6 billion) it has in reserve is not enough, Finance Minister Taro Aso said on Tuesday after Typhoon Hagibis flooded large areas of eastern Japan.

Observers believe Hagibis will almost certainly be a multi-billion dollar disaster. Prime Minister Abe was out on the wires earlier today stating that the economic impact from the weekend typhoon may be prolonged.

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Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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