Japan passes crucial public spending bill
Market watch top headlines
Australian reports
- Aust markets: Aust stocks close lower
- Aust dollar report: $A finishes the day higher
- Aust credit close: Aust bonds weaker
World reports
- World commodities: Commodities markets summary
- World markets: International markets roundup
TOKYO, Nov 16 AFP
November 16 2012, 12:48AM
Japanese MPs have passed a crucial deficit-financing bond bill that will allow Tokyo to pay for a huge chunk of this year's public spending, avoiding the country's own "fiscal cliff".
The bill was a key condition for Prime Minister Yoshihiko Noda calling elections, now set for December 16, after he warned large parts of Japanese public life would grind to a halt unless the bill won parliamentary approval.
Copyright ©
Fairfax Digital
