JAPAN CABINET OFFICE APPROVES DRAFT BUDGET FOR FISCAL 2021 WORTH $1.03 TRILLION

Highlights –

• Japan Cabinet Office approves draft budget for fiscal 2021 worth $1.03 trillion.
• The budget is said to be the largest ever for the ninth consecutive year.
• The new bond issuance will soar by 11.04 trillion yen from the current year’s initial plan.
• Japan is likely to post a primary deficit of 20.36 trillion yen in fiscal 2021.

On Monday....