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🇯🇵 Japan /Economy & Trade

Japan’s Next Budget Requests Close Today, With Total Expected to Reach a Record High

From NHK · () Japanese

Translated from Japanese and summarized by DistantNews. Read the original for the full story.

At a glance

News From a news agency New plan
  • Japanese government ministries must submit their preliminary budget requests for the next fiscal year by Aug. 31.
  • The general-account total is expected to substantially exceed the previous figure of more than 122 trillion yen.
  • The expansion is linked in part to a new investment framework without a spending cap.

Japanese government ministries are due to close their preliminary budget requests for the next fiscal year on Aug. 31. The total general-account demand is expected to reach a record high.

The projected figure would substantially exceed the previous total of more than 122 trillion yen. A newly established investment framework has no upper limit on requested amounts, contributing to the expected increase.

About this summary

Originally published by NHK in Japanese. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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