Tax & Spend
Japan’s Lower House Passes Budget, Providing Relief for Ishiba
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Japan’s lower house passed the budget for the year starting in April, checking off a key item on Prime Minister Shigeru Ishiba’s to-do-list for shoring up his leadership ahead of a national election in the summer.
The lower chamber of parliament approved the ¥115.2 trillion ($771 billion) budget in a plenary session Tuesday, clearing the way for its likely enactment before the new fiscal year begins.