Japan's Cabinet on Friday approved a record initial budget of JPY 122.31 trillion (approximately USD 783 billion) for fiscal 2026, underscoring the newly appointed Prime Minister Sanae Takaichi's expansionary fiscal approach aimed at stimulating economic growth and strengthening defence capa
If approved, the plan would cross the previous record 115.2 trillion yen initial budget that was cleared under former prime minister Shigeru Ishiba for fiscal 2025.