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Tokyo's spending still on the rise despite giant public debt

Abe's Cabinet approves record 96.34 trillion yen budget; spending on defence and social security to go up
Thursday, January 15, 2015 - 05:50

Japan approved its largest-ever defence budget on Wednesday, as a hawkish Mr Abe looks to strengthen surveillance of territorial waters in the face of a continuing spat with China.


JAPAN'S Prime Minister Shinzo Abe's Cabinet on Wednesday approved a record 96.34 trillion yen (S$1.1 trillion) budget for the fiscal year from April 1, marked by increases in defence and social security spending despite the government's precarious fiscal situation, with debt at more

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