Record Japan budget to ease recession
24-12-2008
The Japanese government has approved a record US$980 billion budget for 2009,to revive Asia's biggest economy, which has been slipping deeper into recession. It was given a boost, after Prime Minister, Taro Aso's cabinet formally adopted the budget for 2009. The record spending increase reflects an emergency economic package that the Prime Minister announced earlier this month, to stave off, a prolonged recession. If approved, spending on foreign aid will fall by 4 percent.
