Japan Approves Record $785 Billion Budget Amid Debt Concerns

Japan's cabinet has approved a record 122.3 trillion yen ($785 billion) budget for the fiscal year starting April 2026. This budget, the first under Prime Minister Sanae Takaichi, aims to balance proactive spending with efforts to control the nation's substantial public debt, including limiting new bond issuance.

• Japan's cabinet approved a record 122.3 trillion yen budget.
• Budget totals approximately $785 billion for fiscal year starting April 2026.
• Focuses on defense and social welfare spending.
• Government vows to keep debt in check by limiting new bond issuance.
• Prime Minister Sanae Takaichi leads this new fiscal policy.
• Tax revenues are projected to reach a record 83.7 trillion yen.

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