Japan to approve 2014 fiscal year budget

Note: This section contains information in English only.
Source: Bloomberg
Japanese government presented the state budget for the fiscal year 2014-2015, which starts on April 1. The coalition partners agreed on record, 95.88 trillion yen budget, as defense, social security and public works spending is estimated to increase in order to push inflation up. At the same time, it is forecasted that the government will borrow slightly less in 2014 than this year on rising budget revenues.
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