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Japan’s ruling coalition lawmakers have called for an additional budget that would include $92 billion in spending to support slowing growth, party officials said on Thursday, raising worries about straining public finances.
The leaders of Japan and South Korea will meet Chinese President Xi Jinping in Beijing on Monday, amid heightened concern North Korea may be about to return to confrontation with Washington.
Japanese Prime Minister Shinzo Abe cancelled a visit to India, the Indian foreign ministry said on Friday, amid tensions in a northeast region where he was due to hold summit talks with counterpart Narendra Modi.
"Both sides have decided to defer the visit to a mutually convenient date in the near future," Indian foreign ministry spokesman Raveesh Kumar said in a statement.
US President Donald Trump spoke on Saturday with Japanese Prime Minister Shinzo Abe about developments related to North Korea, Iran, and trade, a White House spokesman said.
Chinese, Japanese and South Korean leaders will discuss a potential free-trade deal and tensions over the North Korean nuclear issue when they meet in southern China next week, officials said on Thursday.
Prime Minister Shinzo Abe’s cabinet approved a new $1.1tr stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession.
The long-ruling Liberal Democratic Party (LDP) and its junior coalition partner Komeito won 293 of the 465 seats in parliament's lower house, local media reported while the official result was finalised.
A gauge of global equity markets rose to a new high on Friday as US consumer spending in July suggested a strong economic rebound lies ahead, while the Japanese yen surged on safe-haven buying after Prime Minister Shinzo Abe resigned for health reasons.
Japan is to impose a state of emergency in Tokyo and six other prefectures as early as Tuesday to contain the coronavirus, while the government prepares a $990 billion stimulus package to soften the economic blow.