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Japan approves $785B 2026 budget, boosting defense and debt amid economic and regional security concerns.
Japan has approved a record $785 billion budget for fiscal 2026, driven by Prime Minister Sanae Takaichi’s expansionary economic policy and rising defense spending, which reached $58 billion amid regional security concerns.
The government plans to issue $29.58 billion in new bonds to cover a revenue shortfall, while debt-servicing costs hit a record $31.28 billion.
Defense upgrades include long-range missiles, drones, and surveillance systems, with a focus on countering China and North Korea.
Japan also plans to restart the world’s largest nuclear plant and strengthen critical resource imports.
Despite economic growth forecasts, the yen weakened due to rising debt and inflation pressures.
Japón aprueba un presupuesto de 785 mil millones de dólares para 2026, incrementando la defensa y la deuda en medio de preocupaciones económicas y de seguridad regional.