Japan plans record $830 billion spending in FY2017/18 – Reuters

Reuters report says Japan's cabinet has approved on Thursday a record $830 billion spending budget for fiscal 2017 that counts on low interest rates and a weak yen to limit borrowing.

“The budgeted plan highlights a struggle Prime Minister Shinzo Abe faces in curbing spending, which is a key to his ambitious aim of achieving a primary budget surplus by fiscal 2020”, says Reuters report.