Japan lower house OKs minority gov't's revised FY2025 draft budget

Japan's House of Representatives on Tuesday approved a revised 115.2 trillion yen ($773 billion) draft budget for fiscal 2025 after Prime Minister Shigeru Ishiba's minority government made concessions to win sufficient opposition backing.The draft budget for the year through March 2026 was initially crafted by the government in December. But it was amended for the first time in 29 years after parliamentary deliberations earlier this year, with the first reduction in its amount since 1955.Trimmed by about 340 billion yen from the original draft but still a record high for an initial budget, …READ FULL ARTICLE