Japan's Record Budget: Massive Defense, Social Programs
Update: 2025-12-26
Description
Japans government unveils a record-breaking budget for fiscal year 2026, allocating over $1.2 trillion for defense and social programs. The plan includes $29.58 trillion in new bonds, with defense spending reaching a high of $9 trillion, primarily for drones and long-range missiles. Social security receives over $39 trillion to address population aging. The budget, which needs parliamentary approval, also includes an $18.3 trillion supplementary budget for the remaining fiscal year 2025 to combat inflation. Despite debt concerns, the government maintains that the budget supports core policies and aims for economic growth.
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