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Japan's new LDP government plans up to $120 billion extra budget: Kyodo
December 16, 2012 / 12:40 PM / 5 years ago

Japan's new LDP government plans up to $120 billion extra budget: Kyodo

TOKYO (Reuters) - A new Japanese government headed by Liberal Democratic Party leader Shinzo Abe will draft a supplementary budget of up to 10 trillion yen ($120 billion) for the fiscal year to next March to boost the economy, Kyodo news agency said, quoting sources close to the matter.

The conservative LDP won a landslide victory over the ruling Democratic Party of Japan in Sunday’s election for Japan’s powerful lower house of parliament.

Reporting by Edmund Klamann; Editing by Robert Birsel

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