Japan’s Lower House approves record-high budget draft

The Lower House of Japan on Friday approved a record-high 102 trillion Yen (940 billion USD) general budget for the upcoming fiscal year which will start in April.

The budget includes more than 5.3 trillion Yen for defense and nearly 1.8 trillion Yen for the package of measures to support the economy, which has been struggling since the Japanese government increased consumption tax from 8% to 10% last October.

The budget will automatically be enacted in 30 days, before the start of the new fiscal year on April 1, even without a vote by the House of Councillors, the upper chamber, due to the lower chamber's constitutional superiority.

Source: VOV5