Japan's budget requests for the coming years fiscal expanded to ¥143.1 trillion
(about $917.8 bln) after the government adopted a unified framework combining
initial and supplementary budgets, the Finance Ministry said on Friday. Driven
by Prime Minister Sanae Takaichi's expansionary fiscal agenda, the increase has
pushed government borrowing costs to a 30-year high and sharpens market focus on
next year's JGB issuance size. The total exceeds the ¥140.61 trillion
comprehensive spending package finalized in Takaichi's first year—comprised of a
¥18.3 trillion FY25 supplementary budget and a ¥122.3 trillion FY26 initial
budget—and is roughly comparable in scale to pandemic-era support measures.
