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Japan LDP lawmaker says may need extra budget of up to $380 bln -Jiji

TOKYO, Nov 17 (Reuters) - A senior lawmaker for Japan’s ruling party said the third extra budget may need to be “around 30 trillion to 40 trillion yen” ($285 billion to $380 billion), Jiji news agency reported on Tuesday.

Earlier this month, the Liberal Democratic Party (LDP) lawmaker, Hiroshige Seko, had said a budget of around 30 trillion yen would be reasonable, according to Jiji.

Japan has already announced $2.2 trillion across two stimulus packages to respond to the coronavirus pandemic, including cash payments to households and small business loans. The third extra budget is set to be compiled on Nov. 27. [nL4N2HW09F ($1 = 104.5000 yen) (Reporting by Chang-Ran Kim)