The lower house of Japan's parliament passed a record $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 record military and welfare spending to cope with threats from mighty China and North Korea, and welfare spending for catering to a fast-ageing population.
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. The budget passage in the powerful lower chamber makes it almost certain of its approval by the upper house by the current fiscal year end in March.
In Japan, long-term interest rates are on the rise, which are still well below those in the United States and Europe, testing the BOJ's ability to keep borrowing costs low in a country accustomed to decades of near zero inflation.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Protodroid DeLTA Receives April 2023 Release DateHumbleGames have given an official release date to ProtodroidDeLTA, as the game will be out near the end of April.
Weiterlesen »
Cleveland Taco Week Returns in AprilCleveland Taco Week returns in April
Weiterlesen »
Cleveland Taco Week • April 10-16, 2023Because Taco Tuesday isn't enough, we're bringing you 7 straight days of $2 Tacos from some of Cleveland's most popular taco joints.
Weiterlesen »
Friends of the Library to host Big Book Sale April 13 - 23The Friends of the Library will host the Big Book Sale April 13-23 at the Westgate Recreation Center Gym inDothan, AL 36303).
Weiterlesen »
Thousands in Southern California are expected to lose out on Medi-Cal in AprilCommunity health centers brace for longer wait times and an increase in uninsured patients ahead of the Medi-Cal changes.
Weiterlesen »
Delaware County Sheriff Martin to retire in AprilDelaware County Sheriff Russell Martin has announced his retirement after serving three terms. His last day will be April 17.
Weiterlesen »