More on the Japan supplementary budget (up to 2.3 tln yen according to reports)

Via Sankei press

• Extra budget amount 2.2 to 2.3 tln yen
• Infrastructure spending, spending on better response capability to disasters, more child care centres
• To issue construction bonds
• Cabinet meeting December 22 likely to approve

Being flagged well in advance so any yen impact will likely be small (if anything). December 22 is a Friday ... market is likely to be very much in Christmas holiday mode.