Shaw Capital Management March Newsletter: Japanese Government Submits Budget for Next Fiscal Year

Shaw Capital Management March Newsletter: Japanese Government Submits Budget for Next Fiscal Year Shaw Capital Management: Japanese Government Submits Budget for Next Fiscal Year Japanese Government Submits Budget for Next Fiscal Year: Shaw Capital... More

Shaw Capital Management March Newsletter: Japanese Government Submits Budget for Next Fiscal Year Shaw Capital Management: Japanese Government Submits Budget for Next Fiscal Year Japanese Government Submits Budget for Next Fiscal Year: Shaw Capital Management News The Democratic Party of Japan (DPJ) government submitted to the Diet the fiscal 2010 budget amounting to ¥92. 3 trillion, its first budget since its inauguration in mid-September. The budget was even larger than its counterpart for the current fiscal year — which was already a record if one includes the second supplementary stimulus package, approved last December. This was because of additional spending on child allowances, free senior high school education, cash subsidies to farmers, and higher payments to medical institutions to alleviate the shortage of medical doctors. Particularly noteworthy is the large amount devoted to social security, up to ¥27. 3 trillion, which account for 51% of general public spending … the f Less