Japan averts 'fiscal-cliff' as it passes financing bill
News On Japan via BBC -- Nov 16
Japan's lawmakers have approved a crucial bill that will ensure that the government does not run out of money at the end of this month.
It will allow the government to borrow additional money by selling bonds to pay for a large chunk of its expenses.
The approval comes amid fears that Japan's economy may be heading towards a recession.
The opposition had previously delayed the bill, demanding that the government call for elections first.
On Friday, Prime Minister Yoshihiko Noda dissolved the parliament, paving the way for snap elections to be held next month.
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