TOKYO : The lower house of Japan's parliament passed on Tuesday a record 114.4 trillion yen ($839.3 billion) budget for the next fiscal year that begins in April, a ruling party lawmaker said, a move that would further strain the industrial world's heaviest debt burden. The fiscal 2023 budget featured rec
TOKYO : The lower house of Japan's parliament passed on Tuesday a record 114.4 trillion yen budget for the next fiscal year that begins in April, a ruling party lawmaker said, a move that would further strain the industrial world's heaviest debt burden.
Despite the heavy public debt, Prime Minister Fumio Kishida's government has already floated another plan to double childcare outlay to arrest the dwindling birthrate, keeping stretched finances under pressure.
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