• Kyodo


The Diet on Wednesday approved a fourth extra budget for the current fiscal year that will assist companies struggling as a result of the March 2011 disasters and the sharp appreciation of the yen, which has weighed on the country’s exports.

The Upper House passed the ¥2.53 trillion supplementary budget for fiscal 2011, which ends next month, and the measure will finance the reinstitution of tax breaks for the purchase of environmentally friendly vehicles, in support of carmakers, a major casualty of the stronger yen.

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