TOKYO (Reuters) - Japan's parliament approved on Monday a 2 trillion yen ($25 billion) extra budget for disaster relief after the March earthquake, paving the way for bigger reconstruction spending likely to involve new borrowing and tax hikes.
Prime Minister Naoto Kan, under fire for his handling of the nuclear crisis triggered by the massive March 11 earthquake and tsunami, has cited the passage of the extra budget and two other key bills as conditions for keeping a promise to resign.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!