World News | Japan Cabinet Approves Record JPY 122.31 Trillion Budget for FY2026

Contributing sentiments towards policy:

59% : In terms of major allocations, JPY 39.06 trillion has been earmarked for social welfare spending, the largest component of the budget, partly due to an upward revision of medical fees.
59% : On the revenue side, tax receipts are forecast at a record JPY 83.74 trillion for the seventh consecutive year, supported by strong corporate profits, Kyodo News reported.
58% : Earlier this week, the Cabinet Office projected Japan's economy would expand by a real 1.3 per cent in fiscal 2026, compared to an estimated 1.1 per cent growth in the current fiscal year, a forecast used in calculating expected tax revenues.
49% : Officials said rising prices have pushed up personnel and other fixed costs, while Japan's rapidly ageing population continues to drive welfare-related expenditure higher.

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