Japanese Finance Minister Jun Azumi warned on Friday that the government could run out of money by the end of November even with spending delays adopted under a contingency plan to cope with the opposition’s blocking of a deficit-bond bill, which is needed to proceed with many of the government’s expenditures.
Azumi made the remarks as the opposition-controlled upper house of parliament showed no signs of enacting the bond bill before the current session ends on Saturday, with the opposition demanding an early general election in exchange for support on the bill.
via Business feed http://www.scmp.com/business/economy/article/1031445/japanese-government-faces-fiscal-cliff
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