Japan’s record $1 trillion budget for the upcoming fiscal year was approved by parliament on Friday, raising speculation of still more spending in response to the coronavirus pandemic.The 106.6 trillion yen ($975.83 billion) budget for the year beginning April 1 features 5 trillion yen in emergency spending related to the pandemic. That follows three COVID-19 packages worth a combined $3 trillion already rolled out in the current fiscal year. The world’s third-largest economy stands on the cusp of a slump in the current quarter due to a second coronavirus-related state of emergency that was imposed from early January ... (full story)