Japan's lower house approves a 13.20 trillion yen ($88 billion) supplementary budget for the current business year to next March to implement additional inflation relief measures intended to support struggling households.
Japan's House of Representatives approves a record 114.38 trillion yen ($840 billion) budget for fiscal 2023, making its enactment certain before the new fiscal year starts in April as the nation faces a cost of living crisis and security threats from its neighbors.
The government has modified Prime Minister Fumio Kishida's pledge of doubling the Japanese government's childcare budget from the current 2 percent of the country's gross domestic product to counter the declining birthrate.
Japan's parliament enacts a 28.92 trillion yen ($214 billion) extra budget for the current fiscal year to help struggling households cope with accelerating inflation and support an economy facing downward pressure.
Budgetary requests by Japanese government offices totaled 110.05 trillion yen ($784 billion) for the fiscal year from next April, the second-largest on record, the Finance Ministry says amid record defense spending and swelling social security costs.