<a href=’http://news.xinhuanet.com/english/2015-12/24/c_134948138.htm’ target=’_blank’>Japan’s cabinet green-lights record budget for FY 2016, challenging fiscal reform goals ahead</a>

Prime Minister Shinzo Abe’s cabinet on Thursday approved a record budget for fiscal 2016 which will rely on robust corporate profits and interest payments to tackle the nation’s burgeoning welfare costs and mounting public debt.