Japan government eyes record initial budget of over 120 trillion yen for fiscal 2026

The government is considering its largest-ever initial budget of over 120 trillion yen ($775 billion) for the next fiscal year, as Prime Minister Sanae Takaichi seeks to prop up Japan's inflation-plagued economy with aggressive spending, a source close to the matter said Tuesday.The amount would surpass the current record 115.2 trillion yen initial budget approved under Takaichi's predecessor, Shigeru Ishiba, for fiscal 2025, partly reflecting higher personnel and other fixed costs amid rising prices, despite growing concerns over the state's deteriorating fiscal health.For fiscal 2026 star…READ FULL ARTICLE