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Japan’s Cabinet on Monday approved guidelines to compile next fiscal year’s budget, allowing government offices to request funds without specifying the amount if they are intended to support wage growth and ease the pain of inflation amid a weak yen. Prime Minister Fumio Kishida has underlined the need for economic growth to precede fiscal rehabilitation, especially as Japan is perceived as standing at a critical point to see a positive cycle of wage and price hikes. The yen’s rapid depreciation this year to levels unseen in nearly four decades has raised concerns about the economic outlook, w…

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