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Japan govt approves record budget for ageing population, defence
Japan govt approves record budget for ageing population, defence
by  AFP

Japan's government on Friday approved a record budget for the next fiscal year, ramping up spending on social welfare, as the population ages, and defence to tackle regional threats. The 8.7 trillion yen approved Friday will help pay for measures to help attract recruits to Japan's Self-Defense Forces, and to improve relations between the US and Japanese militaries with locals in Okinawa.

Japanese shares gain on weaker yen after Christmas break
Japanese shares gain on weaker yen after Christmas break
by  AFP

Japanese stocks rose Friday on a weaker yen after a muted day on Wall Street following the Christmas holiday. The yen was "marginally stronger" on Friday, Bloomberg reported, after data showed inflation in Tokyo rose for a second month in December.

Panama president rules out talks with Trump over canal threat
Panama president rules out talks with Trump over canal threat
by  AFP

Panamanian President Jose Raul Mulino on Thursday ruled out negotiations with Donald Trump over control of the Panama Canal, which the US president-elect threatened to demand be returned to Washington. If Panama could not ensure "the secure, efficient and reliable operation" of the channel, "then we will demand that the Panama Canal be returned to us, in full, and without question," he said.

Oil leak in Peru tourist zone triggers 'environmental emergency'
Oil leak in Peru tourist zone triggers 'environmental emergency'
by  AFP

Peru has declared an "environmental emergency" after an oil spill that triggered a clean-up operation on a stretch of northern coastline popular with tourists. The leak was detected last Friday on Las Capullanas beach when the crude oil was about to be loaded onto a tanker, the company said at the weekend without specifying the cause or amount of oil spilled.

Turkey lowers interest rate to 47.5 percent
Turkey lowers interest rate to 47.5 percent
by  AFP

Turkey's central bank lowered its key interest rate on Thursday, the first cut in nearly two years as it battles with double-digit inflation. The central bank began to raise interest rates last year to battle soaring prices, after President Recep Tayyip Erdogan dropped his opposition to orthodox monetary policy.