Japan could run out of cash in October

Japan's budget might encounter shortfall of cash by the end of October 2012. The year started with the budget of JPY 90.3 trillion while government spending is forecast to be at JPY 43.9 trillion till September, a portion of money will be collected as tax revenues. Though the bill of JPY 38.3 trillion is required to cover the expenditures, currently the decision of issuing new government bonds is not approved and Japan's government could face deficiency of funds already in autumn.