Oh boy, here we go

Japan plans to cut state spending, could run out of money in a month

The impasse in Japan's parliament has raised fears among investors that the world's third largest economy is being driven towards a "fiscal cliff", Reuters reported.

"The government running out of money is not a story made up. It's a real threat," Finance Minister Jun Azumi told a news conference, making a last-ditch appeal for cooperation by opposition parties to pass the bill.

"Failing to pass the bill will give markets the impression that Japan's fiscal management rests on shaky ground," he said.

The bug may have found its windshield.