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Japan Approves Record 115.5 Trillion Yen Budget for Fiscal 2025
Japan has taken a significant step by passing a record-breaking 115.54 trillion yen ($731.9 billion) draft budget for fiscal 2025. This budget reflects increasing social security and national defense spending, sparking discussions about the country’s fiscal stability.
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Japan’s Economy in a ‘Delicate State,’ Says Chair of the Japan Bankers Association.
“The economy at present is in a delicate state, vacillating between positive and negative real wages.” said Akihiro Fukutome, chair of the Japan Bankers’ Association.
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Japan Becomes Surprisingly Affordable for Travelers
Travelers looking to experience Japan’s rich culture and lively cities now have more incentive to visit—the current exchange rate of the Japanese yen has made the country more affordable for international tourists.
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