Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business
By Tetsushi Kajimoto

Japan's extra budget passes lower house, defence spending in focus

Banknotes of Japanese yen are seen in this illustration picture taken September 22, 2022. REUTERS/Florence Lo/Illustration

Japan's second supplementary stimulus budget for this fiscal year, amounting to 29 trillion yen ($210 billion), cleared the lower house of parliament on Tuesday, paving the way for final approval in the upper chamber this week.

The budget, backed mostly by additional bond issuance, highlights Prime Minister Fumio Kishida's difficulty in reconciling the conflicting tasks of curbing the national debt and spending his way out of pandemic doldrums.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.