Japan’s MOF: Cabinet approves budget spending of JPY 101.4564 trln in FY 2019/20

Japan’s Ministry of Finance (MOF) issues a statement on Friday, citing that the Japanese Cabinet approves general-account budget spending of JPY 101.4564 trillion in FY 2019/20, the biggest amount ever.

The MOF added that Japan’s FY 2019/20 tax revenue is estimated at a record high of JPY 62.4950 trillion yen.