Government to spend $3.71 billion towards Go To Travel campaign: Japan’s Ministry of Finance

On Friday, in a statement Japan’s Ministry of Finance said, the Japanese Cabinet has decided to spend $3.71 billion (385.6 billion yen) from emergency budget reserves to back the government’s domestic travel.

The bulk of the spending will go towards making up for a budget shortfall for the Go To Travel campaign, said the ministry.

It went on to add, “the government would flexibly respond to the situation surrounding infections on the basic assumption that the campaign would be extended to the end of June 2021 while being subject to review in stages,”.

If the government comes to the conclusion that the tourism campaign will lead to the spread of coronavirus-induced COVID-19, it may stop the travel subsidies.

Domestic media has reported a resurgence in infections in the country.

Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Strategy, Sustainability

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