Japan's Cabinet OKs record 106.61 trillion yen budget for FY 2021

Japan's Cabinet approved Monday a largest-ever 106.61 trillion yen ($1.03 trillion) draft budget for fiscal 2021, as the country grapples with the coronavirus pandemic, its rapidly aging society and new security challenges.Marking a record high for the ninth consecutive year and topping 100 trillion yen for the third year in a row, the budget for the year starting in April will far exceed fiscal 2020's initial budget of 102.66 trillion yen, raising concern over a further deterioration of the country's fiscal health, already the worst among major economies.To finance the budget, new bond iss…READ FULL ARTICLE