Tokyo, Dec 26, 2025 (AFP) - Japan govt approves record 122 trillion yen budget

NAMPA / AFP

2025-12-26

The Japanese government on Friday approved a record budget for the upcoming fiscal year, to pay for everything from bigger defence spending to ballooning social security costs as inflation persists. The 122.3-trillion-yen ($782 billion) budget for the fiscal year from April 2026 will include some nine trillion yen for defence spending, as Prime Minister Sanae Takaichi aims to accelerate Tokyo's sweeping upgrade of its military in the face of wors......

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