Highlights of the Budget for FY2012: Japan

1) Allocating budget to the measure for the real revitalization of Japan to recover Japan’s economy and society 2) Reviewing the existing budget based on the result of evaluation by the Policy Proposing Type Screening 3) Reducing public sector’s waste thoroughly 4) Following the supplementary budgets for FY2011, focusing on measures for recovery and reconstruction from the Great East Japan Earthquake 5) To maintain confidence of the bond market, maintaining Overall Expenditure Limit (approx. ¥68.4 trillion) and restraining the amount of new government bonds issuance (approx. ¥44 trillion). [Ministry of Finance, Japan]. URL:[http://www.mof.go.jp/english/budget/budget/fy2012/e20111224a.pdf].