Japan's fiscal cliff: Government could run out of money within a month

The Japanese government is being forced to consider suspending state spending as it emerged it could run out of cash within a month.

While all eyes are on a potential ‘fiscal cliff' in the US, Japan's parliament fear its economy is being driven towards a fiscal cliff of its own as opposition parties block a deficit-financing bill. It is thought the move would force Prime Minister Yoshihiko Noda (pictured), the sixth PM in as many years, into an early election, according to The Telegraph. "The government running out of money is not a story made up. It's a real threat. Failing to pass the bill will give markets the impression that Japan's fiscal management rests on shaky ground," Finance Minister Jun Azumi said at a ...