Disaster-struck Japan set for record-high spending
World BusinessDec 25, 2011
TOKYO (AP) ― Disaster-struck Japan is headed to record-high budget spending of 96 trillion yen ($1.2 trillion) as the nation tackles the costs of recovery from the March earthquake and tsunami.The Cabinet approved the draft budget for the fiscal year starting April 2012 on Saturday, covering massive costs for disaster reconstruction in northeastern Japan as well as decontamination efforts for radiation leaked from a tsunami-damaged nuclear power plant.The government will rely on new debt for 49