ASSESSMENTS

Japan: Hatoyama's Record-Setting Budget

Mar 26, 2010 | 06:58 GMT

JIJI PRESS/AFP/Getty Images

Summary

The Japanese legislature on March 24 approved a record 92.3 trillion yen ($1 trillion) budget for fiscal year 2010. Prime Minister Yukio Hatoyama and his Democratic Party of Japan (DPJ) government hope that the budget will not only stimulate Japan's notoriously stagnant economy but also boost the DPJ's popularity ahead of Upper House elections in July.

Japan's parliament on March 24 approved the country's largest budget ever in hopes of stimulating the sluggish Japanese economy and preparing for upcoming elections....

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