Japan FY 2017 bill requests to tip 101 tril. yen

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02:07 26 Aug 2016

TOKYO, Aug. 26, Kyodo

Budget requests by Japan’s executive supervision offices for a new mercantile year from subsequent Apr are approaching to surpass 101 trillion yen ($1 trillion), supervision sources pronounced Thursday.

The requests for a general-account bill for mercantile 2017 will tip 100 trillion yen for a third true year, reflecting augmenting amicable confidence costs amid a fast aging multitude and losses to account pivotal policies of Prime Minister Shinzo Abe.

The requests are expected to be some 5 trillion yen aloft than a mercantile 2016 initial bill though tumble around 1 trillion yen brief of a record 102.4 trillion yen requested for a mercantile 2016 budget, as low seductiveness rates will revoke debt servicing costs.

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