Japan's parliament convenes a 150-day ordinary session, with Prime Minister Fumio Kishida set to be grilled over a political fundraising scandal that has continued to rattle his ruling Liberal Democratic Party.
The Cabinet approves a revised 112.57 trillion yen ($774 billion) draft budget for the next fiscal year starting in April, allocating an additional 500 billion yen in emergency funds to tackle the fallout from a New Year's Day earthquake that ravaged central Japan.
Japan is set to approve a roughly 112 trillion yen ($789 billion) draft budget for fiscal 2024, marking the first decline in spending in 12 years as COVID-related funding was curbed, but faces challenges maintaining fiscal discipline amid record outlays on defense and social security.
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 parliament begins deliberations on a 13.20 trillion yen ($88 billion) extra budget for fiscal 2023 to next March, as the government moves to fund an economy-supporting package that aims to alleviate the burden of rising prices on households.