Reported 1 day ago
Japan's Cabinet has approved a historic budget of ¥115.5 trillion ($732 billion) for the fiscal year beginning April 2025, marking a 2.6% increase from the previous year. This budget is a crucial test for Prime Minister Shigeru Ishiba's minority government, which now must navigate negotiations with opposition parties to secure parliamentary approval. Key issues include tax reforms and the government's ability to maintain support from smaller parties ahead of upcoming elections. Ishiba's administration is also under scrutiny for its performance both domestically and internationally.
Source: YAHOO