Japan unveils ¥95.88T budget.

Japan's government has adopted a record ¥95.88T ($921B) budget for the fiscal year starting in April, which will include increased spending on social security, defense and public works. However, the government is also trying to limit further growth of its massive debt, and it will reduce the issuance of new revenue bonds to ¥41.25T from ¥42.9T this year. Economists are not convinced by the aggressive step taken by the government, as not to forget that they must cut spending to reach the planned target of a surplus in 2020."