Japan's parliament is set to approve a record 96.72 trillion yen state budget for fiscal 2016. The action expected Tuesday would pave the way for a full-fledged debate on additional stimulus spending to spur Japan's flagging economy. 

Prime Minister Shinzo Abe seeks to front-load spending for the annual budget for the coming fiscal year from April and adopt a fresh extra budget. The 2016 budget features a bulging welfare outlay to cope with a fast-ageing population.