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Economy
In reply to the discussion: STOCK MARKET WATCH -- Friday, 16 November 2012 [View all]xchrom
(108,903 posts)20. Japan averts 'fiscal-cliff' as it passes financing bill
http://www.bbc.co.uk/news/business-20352236
Japan's lawmakers have approved a crucial bill that will ensure that the government does not run out of money at the end of this month.
It will allow the government to borrow additional money by selling bonds to pay for a large chunk of its expenses.
The approval comes amid fears that Japan's economy may be heading towards a recession.
The opposition had previously delayed the bill, demanding that the government call for elections first.
Japan's lawmakers have approved a crucial bill that will ensure that the government does not run out of money at the end of this month.
It will allow the government to borrow additional money by selling bonds to pay for a large chunk of its expenses.
The approval comes amid fears that Japan's economy may be heading towards a recession.
The opposition had previously delayed the bill, demanding that the government call for elections first.
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