The Cabinet of Prime Minister Yoshihiko Noda agreed Friday on a guideline for compiling the fiscal 2012 budget with a focus on "Japan revitalization" following the March quake-tsunami and amid the uncertain global economic outlook.
The guideline also calls for crafting a bill to raise the politically sensitive consumption tax.
Noda told his economic team he hopes the budget for the year starting April 1 will help "turn the crisis into an opportunity," and pledged to "fully make efforts to revive hopes and pride in Japan." (Japan Times)
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