Japanese PM wants early passage of extra budget

Japanese Prime Minister Shinzo Abe on Monday said he was aiming for early passage of a supplementary budget for this fiscal to take on new challenges in the new year.

Abe said his government had placed economy as its top priority for the past three years, and created a situation where Japan is no longer in deflation, public broadcaster NHK reported.

He said the global economy had become increasingly unpredictable and the world was struggling to find a way to sustain growth.

Abe said he wanted to make the upcoming G7 summit in Japan a momentum to tackle the future of the global economy.

On domestic matters, he stressed his government's commitment to addressing Japan's low birth-rate and aging population.

Abe said he will pursue three major policy targets. The first is increasing Japan's GDP to 600 trillion yen ($5 trillion). The second is raising the birth-rate per woman.

The third is to eliminate cases in which people have no choice but to leave their jobs to provide nursing care for ageing parents.