Japan Abe to compile extra budget to submit to parliament in autumn
Japan's Prime Minister Shinzo Abe (R) walks past Japan's Emperor Akihito (L) and Empress Michiko during a memorial service ceremony marking the 70th anniversary of Japan's surrender in World War Two at Budokan Hall in Tokyo, Japan August 15, 2015. REUTERS
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Monday that the government will compile an extra budget plan and submit it to an extraordinary parliament session in autumn.
Abe's cabinet last week approved 13.5 trillion yen ($132 billion) in fiscal measures to help revive the flagging economy.
The government's package includes 7.5 trillion yen in spending by the national and local governments, part of which is expected to be funded by an extra budget this fiscal year.
(Reporting by Takashi Umekawa; Writing by Kaori Kaneko; Editing by Sam Holmes)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Six die in fire at Malaysian hospital
- U.S. takes aim at cyber attacks from connected devices as recalls mount
- As Syrian deaths mount, world's 'responsibility to protect' takes a hit: experts