Japan's parliament is set to approve on Tuesday a record 96.72 trillion yen (US$851.5 billion) state budget for fiscal 2016, paving the way for a fully-fledged debate on additional stimulus spending to spur the flagging economy.
Prime Minister Shinzo Abe seeks to front-load spending for the annual budget for the coming fiscal year from April and to adopt a fresh extra budget, while speculation is rife that he may again delay a sales tax increase planned for April 2017.
The upper house of parliament is due as early as 0700 GMT to begin the final debate on the fiscal 2016 budget, which is expected to pass shortly thereafter, given the ruling bloc's firm majority.
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Prime Minister Shinzo Abe seeks to front-load spending for the annual budget for the coming fiscal year from April and to adopt a fresh extra budget, while speculation is rife that he may again delay a sales tax increase planned for April 2017.
The upper house of parliament is due as early as 0700 GMT to begin the final debate on the fiscal 2016 budget, which is expected to pass shortly thereafter, given the ruling bloc's firm majority.
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