Japan Unveils Record $1 Trillion Budget
Japan unveiled a record 92.29 trillion yen ($1 trillion) budget on Friday for the next fiscal year, reflecting the prime minister’s
campaign pledge to boost spending for child support and slash wasteful outlay for public works.
The budget for the year starting in April 2010 came as Japan’s economy, the world’s second-largest struggled to shake off its worst recession since World War II amid deflation.
Friday, December 25, 2009
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