Surging medical, nursing care costs strain Japan's public finances

April 21, 2015 11:26 AM

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TOKYO, April 21 (Reuters) - A panel of Japanese lawmakers has calculated the country's medical and nursing care costs will rise 4 trillion yen ($33.50 billion) over the next five years, people involved in the process said on Tuesday, highlighting the strains placed on public finances by a fast-ageing population.

Prime Minister Shinzo Abe's government is facing an uphill battle to achieve its goal to balance the primary budget - excluding new bond sales and debt servicing - by the fiscal year to March 2021.

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