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Japan govt acts as prices fall further in Oct

Abe confirms supplementary budget to be tabled next month

Tokyo

JAPANESE Prime Minister Shinzo Abe confirmed on Friday his government will introduce a supplementary budget next month expected to be worth over 3 trillion yen (S$34.4 billion) after news that core consumer prices fell for a third straight month in October as household spending also dropped unexpectedly.

The additional government spending comes at a time of uncertainty over whether the world's third-largest economy has sufficient momentum to climb out of the recession it fell into in the third...

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