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Japan govt approves record 96.72t yen budget

But Abe's strategy of relying on growth and tax income may backfire
Friday, December 25, 2015 - 05:50
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Japanese Prime Minister Shinzo Abe's Cabinet approved on Thursday a record fiscal 2016 budget that counts on higher growth and tax revenue to achieve his aim of reviving the economy and curbing the world's heaviest debt burden.

Tokyo

JAPANESE Prime Minister Shinzo Abe's Cabinet approved on Thursday a record fiscal 2016 budget that counts on higher growth and tax revenue to achieve his aim of reviving the economy and curbing the world's heaviest debt burden.

But both targets look elusive, according to