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Economy

Japan's health ministry requests record $286bn for fiscal 2018

Medical, nursing care costs soar amid fast-aging population

TOKYO -- The Ministry of Health, Labor and Welfare's budget request for fiscal 2018 is expected to reach a record level to cover swelling social security spending.

The ministry requested 31.4 trillion yen ($286 billion), up about 740 billion yen, or 2.4%, from this fiscal year's initial budget.

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