Japan plays out its version of the debt-ceiling drama.

 Japan's government could run out of money in October if parliament doesn't pass legislation that would enable the country to sell ¥38.3T ($487B) of debt, or over 40% of this year's budget. The fate of the bill is in the hands of the opposition-controlled upper house, which may press PM Yoshihiko Noda to fix an election date before approving the debt sales.