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Prime Minister Taro Aso’s Cabinet on Wednesday endorsed a record-high ¥52.7 trillion spending cap for the fiscal 2010 budget to cover rising social security costs, but its implementation could depend on the outcome of a Lower House poll expected soon.

The budget ceiling marks a departure from the fiscal belt-tightening introduced by former Prime Minister Junichiro Koizumi and continued by his successor, Shinzo Abe, and Abe’s, Yasuo Fukuda.

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