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24/12/2008 Japan approves its biggest budget ever

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Japan sets budget

Because of the consequences of the world's financial crisis, Japan's cabinet approved a record $980.6 billion budget for the next fiscal year starting in April. The stimulus plan boosted spending by 9 percent compared with the previous year's initial budget.
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    • Essentials 

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    • Impact on financial markets 

    • Effects on the global economy 

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    • Consequences for subsequent economic growth 

    • Notable books and movies