Japan's Government Could Run Out Of Cash By October

TOKYO (Reuters) - Japan's government could run out of money by the end of October, halting all state spending including salaries, pensions and unemployment benefits, because of a standoff in parliament that has blocked a bill to finance the deficit.

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  • Japan's government could run out of cash by October
    The deficit financing bill, which would allow the government to sell bonds needed to fund almost half of the budget, has languished in parliament as the ruling Democratic Party tussles with opposition parties that can use their control of the upper house ...
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  • Japan's government could run out of cash by October
    TOKYO (Reuters) - Japan's government could run out of money by the end of October, halting all state spending including salaries, pensions and unemployment benefits, because of a standoff in parliament that has blocked a bill to finance the deficit.
    07/5/2012 - 7:32 pm | View Link
  • Japan's Azumi: govt could run out of cash by Oct
    This means the government is sure to run out of money by the end of October, he said. The Finance Ministry could start cutting tax grants to local governments in September if there is no sign that the deficit financing bill will pass, Azumi said.
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