Prime Minister Junichiro Koizumi on Friday instructed the Cabinet to start work on the specifics of a supplementary budget for fiscal 2002 and pushed for further tax cuts to revitalize the economy.
The extra budget, expected to be worth around 6 trillion yen, is aimed at accelerating structural reforms and financing a recently announced antideflation package.
The government plans to allocate 3 trillion yen for fresh spending measures while the rest would make up for a shortfall in tax revenues and increased mandatory expenses.