Friday, July 6, 2012

Japan’s government could run out of cash by October

Japan’s government could run out of cash by October: TOKYO, July 6 — 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. The deficit financing bill, which would allow the government to sell bonds needed to fund almost half ...


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