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Japan Lower House passes record US$793b budget

It includes fresh economy-boosting stimulus, more defence spending

HAWKISH MOVES: Mr Abe (centre) leaving the Lower House's budget committee session after Japan's fiscal 2015 budget was passed yesterday.


JAPAN'S powerful Lower House of Parliament on Friday passed a record US$793 billion budget, including fresh economy-boosting stimulus and more defence spending as Tokyo eyes an increasingly assertive China.

The government plans to spend 96.34 trillion yen (S$1.1 trillion) for