(VOVworld) - Japan's House of Representatives approved Tuesday an increased budget of 4.11 trillion yen (41 billion USD) to support a domestic economy facing sluggish growth amid weak consumer demand and business investment.
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| A Lower House plenary session (Photo:japantimes.co.jp) |
The government will set aside around 1.41 trillion yen for infrastructure improvement to attract foreign tourists to Japan and promote agricultural exports. A total of about 430 billion yen will be allocated to small and medium-sized companies, and revitalize local economies.
The Government and the ruling Liberal Democratic Party are hoping to have the budget approved on October 11.