Japan Plans Record Budget to Help Economy Struck by Recession
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Japan plans a record budget for next fiscal year to support an economy that fell into recession after Prime Minister Shinzo Abe’s government increased the sales tax.
Government ministers and the ruling coalition parties approved the 96.34 trillion yen ($814 billion) budget proposal for the 12 months starting April 1 at a meeting in Tokyo yesterday, Finance Minister Taro Aso told reporters.