Japan's Cabinet approved Friday a record 102.66 trillion yen ($938 billion) draft budget for fiscal 2020 amid growing social security spending to cover the country's aging population, fueling concerns that the country would keep facing trouble achieving fiscal consolidation.It is the eighth straight year the world's third-largest economy has compiled a record initial general account budget, also reflecting a rise in defense outlays as Japan is aiming to enhance defense capabilities in new realms such as outer space and cyberspace.The spending plan for the year starting next April topped 100…READ FULL ARTICLE
