Cabinet”s extra budget voted down at Japan”s upper house

Published: 27/11/2010 05:00

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The Japanese cabinet’s extra budget for financing a stimulus package worth about 5 trillion yen (59 billion U.S. dollars) was voted down at a plenary session of the opposition-controlled upper house on Friday.

But the bill will be enacted later because it had already been approved last week by the House of Representatives, which can override a decision made by the upper house.

The budget involves 4.4 trillion yen in actual spending. The move is aimed at combating the impact of the increasing strength of the Japanese yen and spurring the deflation-plagued economy.

VietNamNet/Xinhuanet

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