Dec 12, 2013

¥5.5 trillion extra 2013 budget for stimulus OK'd

Prime Minister Shinzo Abe’s Cabinet on Thursday approved a ¥5.5 trillion supplementary budget for fiscal 2013 to fund a stimulus package designed to minimize the negative impact of next spring’s consumption tax hike. Vowing to achieve fiscal rehabilitation, the government will not issue additional ...

Dec 11, 2013

¥5.5 trillion extra budget aims to offset tax hike

The Abe administration has compiled an extra budget worth ¥5.47 trillion to finance economic measures designed to offset the adverse effects of the consumption tax hike in April, according to sources. The supplementary budget for the fiscal year through next March, to be endorsed ...

Feb 15, 2013

Lower House OKs massive extra budget

The Lower House on Thursday approved a draft ¥13.1 trillion extra budget for fiscal 2012 to finance a huge economic stimulus package aimed at shoring up the recession-hit economy. The vote, dominated by Prime Minister Shinzo Abe’s Liberal Democratic Party-led coalition, came ahead of ...