{"id":78390,"date":"2026-08-22T08:24:10","date_gmt":"2026-08-22T08:24:10","guid":{"rendered":"https:\/\/www.europesays.com\/japan\/78390\/"},"modified":"2026-08-22T08:24:10","modified_gmt":"2026-08-22T08:24:10","slug":"japan-budget-requests-top-130-trillion-yen-for-first-time","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/japan\/78390\/","title":{"rendered":"Japan Budget Requests Top 130 Trillion Yen for First Time"},"content":{"rendered":"<p><img loading=\"lazy\" alt=\"Japanese Prime Minister Takaichi Sanae\/AP-Yonhap - Seoul Economic Daily International News from South Korea\" title=\"Japan Budget Requests Top 130 Trillion Yen for First Time\" width=\"1200\" height=\"675\" decoding=\"async\" data-nimg=\"1\" class=\"w-full h-auto rounded-sm\" style=\"color:transparent;object-fit:contain;object-position:center\" src=\"https:\/\/www.europesays.com\/japan\/wp-content\/uploads\/2026\/08\/news-p.v1.20260822.d03495d6d4dc4055b2a3a8813a66eb03_P1.jpg\"\/>Japanese Prime Minister Takaichi Sanae\/AP-Yonhap<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">Budget requests from Japan&#8217;s government ministries for fiscal 2027 (April 2027 to March 2028) are projected to exceed 130 trillion yen (about 1,135 trillion won) for the first time. The total sets a record high for the fourth consecutive year, driven by a newly created growth-investment category with no spending cap and a sharp rise in interest payments on government bonds amid climbing interest rates.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">The total for fiscal 2027 budget requests compiled by Japan&#8217;s Finance Ministry is expected to reach more than 130 trillion yen, a sharp increase from 122 trillion yen (1,065 trillion won) for fiscal 2026, Kyodo News reported on the 21st.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">Prime Minister Sanae Takaichi has defined this budget as the &#8220;first year of responsible proactive fiscal policy,&#8221; calling for a fundamental review of how the budget is structured. The government has also decided to incorporate into the main budget the supplementary-budget items that had become routine in recent years. But observers inside and outside political circles note that the final budget is likely to swell further, as it includes numerous so-called &#8220;item requests&#8221; that do not specify concrete figures, including for defense spending. This has fueled growing concern that borrowing-dependent fiscal management will continue, with tax revenue failing to cover expenditures and the shortfall filled by debt.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">By ministry, the Defense Ministry requested a record high of about 8.9 trillion yen (78 trillion won), including funding for the deployment of interceptor drones. The Ministry of Economy, Trade and Industry requested 7.7 trillion yen (67 trillion won), of which about 4.5 trillion yen (39 trillion won) is for investment in areas such as artificial intelligence (AI) and semiconductor development. Social security spending on pensions and medical care is estimated to rise by about 390 billion yen (3.4 trillion won) from a year earlier, driven by an aging population.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">The Japanese government plans to close ministry budget requests at the end of this month, review them through the Finance Ministry, and finalize the government&#8217;s budget proposal in a Cabinet decision at year-end.<\/p>\n","protected":false},"excerpt":{"rendered":"Japanese Prime Minister Takaichi Sanae\/AP-Yonhap Budget requests from Japan&#8217;s government ministries for fiscal 2027 (April 2027 to March&hellip;\n","protected":false},"author":2,"featured_media":78391,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[50326,25928,191,189,2385,43141,9254,50325,188,190,358],"class_list":["post-78390","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-budget-requests","tag-defense-spending","tag-economy","tag-economy-of-japan","tag-finance-ministry","tag-fiscal-2027","tag-government-bonds","tag-japan-budget","tag-japans-economy","tag-japanese-economy","tag-sanae-takaichi"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/78390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/comments?post=78390"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/78390\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media\/78391"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media?parent=78390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/categories?post=78390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/tags?post=78390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}