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TOKYO — Japan unveiled a record 92.29 trillion yen ($1 trillion) budget Friday for the next fiscal year, reflecting the prime minister’s campaign pledge to boost spending for child support and slash wasteful outlay for public works.
The budget starting in April came as Japan’s economy — the world’s second-largest — struggled to shake off its worst recession since World War II amid deflation.
“This budget is to protect lives. I made all my efforts to secure budgets to support child-rearing, employment, the environment and welfare,” Prime Minister Yukio Hatoyama told a news conference.
