Can PM Takaichi steer growth amid debt worries?
Published: 4:02 PM, Dec 26, 2025 | Updated: 4:02 PM, Dec 26, 2025
Japan has approved a record JPY 122.31 trillion budget for FY2026, marking a second straight year of unprecedented spending. The plan boosts welfare, defence and infrastructure outlays while relying on nearly JPY 29.58 trillion in new bonds. With debt already near twice GDP and interest costs rising, the budget highlights Tokyo’s gamble to revive growth without derailing fiscal stability.
Japan announces biggest budget in history. Source: ANI
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