Japan parliament passes $32 billion extra budget, focus shifts to TPP bills

Japan parliament passes $32 billion extra budget, focus shifts to TPP bills
 

Japan's parliament approved on Tuesday a $32 billion (25.73 billion pounds) extra budget for this fiscal year that will help fund Prime Minister Shinzo Abe's economic stimulus package.
The 3.287 trillion yen ($31.94 billion) budget, the second supplementary budget for the year that ends in March 2017, will be mostly funded by 2.75 trillion yen in construction bonds to finance infrastructure spending.
The extra budget brings annual spending to more than 100 trillion yen for the first time in three years, underscoring the difficulty of balancing the need to boost the economy and curb the... read more

 
11 October 2016 in Business, Views: 28
Source: Reuters
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