Japan\'s parliament on Monday enacted a $25 billion extra budget to pay for relief and rebuilding after the March 11 quake-tsunami, as Prime Minister Naoto Kan faced mounting pressure to resign. The upper house approved the two-trillion-yen second extra budget for fiscal 2011 following its passage through the lower house on Wednesday, a parliament spokesman said. The budget, seen as a stop-gap measure between the initial 4 trillion yen package passed in May and a third extra budget estimated to be around 10 trillion yen, was supported by both the ruling Democratic Party of Japan and the main opposition Liberal Democratic Party and its partner New Komeito. The government has estimated costs resulting from damage from the disasters at 16.9 trillion yen, but this does not include expenses associated with the crisis at the crippled Fukushima nuclear power plant. Kan\'s administration has faced heavy criticism for not acting swiftly enough to help victims of the earthquake and tsunami that devastated Japan\'s northern Pacific coasts, with his approval ratings limping below 20 percent. The premier survived a no-confidence vote in June by promising to resign at some point in the future, and has since indicated that he will step down if three key bills, including the budget, are enacted.
GMT 11:59 2017 Sunday ,31 December
China temporarily waives taxes to get foreign firms to stayGMT 09:13 2017 Wednesday ,27 December
Israel to halt trade in cryptocurrency-based firmsGMT 10:43 2017 Thursday ,21 December
American Ambassador David Hale meets trade leadersGMT 10:41 2017 Thursday ,21 December
China Pakistan Economic Corridor speedily turning into reality: Ahsan IqbalGMT 10:40 2017 Thursday ,21 December
Eni and Shell to stand trial in Italy over Nigeria kickback scandalGMT 11:48 2017 Tuesday ,19 December
Japan raids firms over alleged maglev bid-riggingGMT 05:36 2017 Monday ,18 December
UBS boss says bitcoins 'not money', urges regulators to actGMT 06:29 2017 Sunday ,17 December
Britain, China speed up bid to link stock marketsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©