Japan passes US$32b extra budget, focus shifts to TPP bills
Tokyo
JAPAN'S Parliament approved on Tuesday a US$32 billion extra budget for this fiscal year that will help fund Prime Minister Shinzo Abe's economic stimulus package.
The 3.287 trillion yen (S$43.7 billion) budget, the second supplementary budget for the year that ends in March 2017, will be mostly funded by 2.75 trillion yen in construction bonds to finance infrastructure spending.
TRENDING NOW
Singtel Q1 gain drops 71% to S$818 million in absence of Airtel stake sale; weaker Singapore business
Sembcorp raises interim dividend despite 72% H1 profit slide to S$150 million on Alinta deal costs
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
CDL H1 profit jumps three times to S$301 million on strong condo sales, doubles interim dividend