Bloomberg News

Japan May Raise Extra Budget Over 12 Trillion Yen, Maehara Says

October 14, 2011

Oct. 14 (Bloomberg) -- Japan may increase a third supplementary budget for this fiscal year to more than 12 trillion yen ($156 billion), Seiji Maehara, policy affairs chief of the ruling Democratic Party of Japan, told reporters in Tokyo today. The cabinet will discuss the spending at its meeting on Oct. 28 for submission to the parliament, he said.

To contact the reporter on this story: Aya Takada in Tokyo at atakada2@bloomberg.net

To contact the editor responsible for this story: Dave McCombs at dmccombs@bloomberg.net


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