Japan govt will spend $24 bln in budget reserves to cope with price hikes

TOKYO, Sept 20 (Reuters) - Japan will spend 3.48 trillion yen ($24.31 billion) in budget reserves to cope with ongoing price hikes and respond to COVID-19, the Ministry of Finance said on Tuesday.

The decision was made at a meeting of Prime Minister Fumio Kishida's cabinet.

($1 = 143.1800 yen)

Reporting by Tetsushi Kajimoto Editing by Shri Navaratnam

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