Business daily

Japan approves another record budget for next fiscal year

BUSINESS DAILY
BUSINESS DAILY FRANCE 24
By: Yuka ROYER
6 min

The Japanese government has passed a record budget worth almost $940 billion as the country continues to grapple with rising social security costs due to its ageing population. The new spending plan could add to Japan's debt burden, which at nearly 240 percent of GDP is already the highest in the industrialised world. Plus, Starbucks has agreed to pay thousands of dollars to its employees in New York City as part of a settlement with the city's authorities over its illegal sick leave policy.