Japan struggles to dish out $270bn in untapped COVID stimulus

Consumer-spending programs like 'Go To Travel' stall amid slow vaccine rollout

20210623N Go To Eat

"Go To Eat" and "Go To Travel" are among the programs designed to encourage consumer spending in pandemic-hit industries, but much of the funding remains untapped. © Kyodo

KOSUKE TAKAMI, Nikkei staff writer

TOKYO -- Japan is sitting on 30 trillion yen ($271 billion) of coronavirus relief funding, underscoring the struggles the government faces in delivering financial support in a timely fashion.

The government has budgeted 73 trillion yen since spring of last year to combat the impact of the COVID-19 pandemic. The outlays include 100,000-yen stimulus payments per person and funding for Go To Travel programs that seek to lift the battered tourism industry.

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