Japan Health Min. Eyes Record 36.5 T. Yen in FY 2027 Budget
Tokyo, Aug. 26 (Jiji Press)--Japan's Health, Labor and Welfare Ministry said Wednesday it will seek a record 36,580.3 billion yen in its general-account budget request for fiscal 2027, reflecting rising social welfare costs amid the aging of the country's population. The figure represents an increase of 4.4 pct from the fiscal 2026 initial budget level. The ministry aims to focus on proj...
Japan's Health, Labor, and Welfare Ministry has announced its intention to request a record-breaking 36,580.3 billion yen in its general-account budget for fiscal 2027. This significant increase of 4.4 percent from the fiscal 2026 initial budget level is primarily driven by the rising social welfare costs resulting from the country's aging population.
The ministry aims to prioritize projects aimed at advancing drug discovery and enhancing medical care, as well as launching a support program for companies developing innovative medicines. They plan to finalize the details during the budget compilation process at the end of this year. However, specific figures for measures such as wage increases for nursing care workers have not been disclosed yet.
A total of 148.3 billion yen, including funds requested under a new "strong and prosperous Japan" investment quota, is being sought for the development of new drugs, which is four times the fiscal 2026 budget level.
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