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Japan expected to pass $1.1 trillion budget

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Japan was expected to pass a 90.3 trillion yen ($1.1 trillion) budget on Thursday, with about half the spending financed by new bonds that will add to Japan's massive debt mountain. The country's ruling centre-left Democratic Party rammed the draft budget for the next fiscal year through the lower house of parliament earlier this month, over objections from opposition parties. (AFP)

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