Japan's Cabinet approves record 96.7 tril. yen budget for FY 2016

Japan's Cabinet approves record 96.7 tril. yen budget for FY 2016

Japanese Prime Minister Shinzo Abe (3rd from L) enters a room for a Cabinet meeting in Tokyo on Dec. 24, 2015. The Cabinet approved the same day a record-high 96.72 trillion yen ($799 billion) budget for fiscal 2016, focusing on welfare measures to tackle a rapidly aging society while trying to restore fiscal health. (Kyodo) ==Kyodo

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