Japan FY 2027 budget requests to hit new high of about 143 tril. yen
TOKYO (Kyodo) -- Japan's budget requests for fiscal 2027 are set to hit a new high of about 143 trillion yen ($890 billion), as Prime Minister Sanae T
Japan's Defense Ministry has requested an unprecedented 8.89 trillion yen budget for the fiscal year 2027, reflecting the nation's intensified defense expansion efforts to address escalating security concerns from China, Russia, and North Korea. This request, which may increase to roughly 10 trillion yen by year-end negotiations, is the largest defense budget allocation in Japan's history and builds upon a five-year, 43 trillion yen plan initiated in fiscal 2023.
The ministry's budget proposal for the previous fiscal year, 2026, was approximately 8.8 trillion yen, with the budget enacted in April reaching around 9 trillion yen.
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