Thursday, 6 February 2014

Japan Diet enacts 5.5-t.-yen extra budget to sustain growth

The Diet, Japan's parliament, enacted a fiscal 2013 supplementary budget on Thursday designed to minimize the negative effects of a planned consumption tax hike in April.

The extra budget, which involves general-account spending of 5,465.4 billion yen, passed the House of Councillors, the upper chamber of the Diet, with the support of the ruling Liberal Democratic Party and its New Komeito ally.
Source: Jiji Press

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