Core Viewpoint - Japan's fiscal budget application for FY2025 has reached a record 122.4 trillion yen (approximately 822 billion USD), reflecting a 4.1% increase from the previous year, driven by rising defense spending and debt financing costs [1] Group 1: Budget Application Details - The total budget application amount is 122.4 trillion yen, with a historical high debt financing demand of 32.4 trillion yen, accounting for 26.5% of the total budget application [1] - The initial budget applications are typically reduced during the budget compilation process, with the current fiscal year's application expected to be compressed to 115.2 trillion yen [1] Group 2: Economic Context - The increase in budget applications is influenced by Japan's aging population, which necessitates the maintenance of social services while facing rising borrowing costs due to the Bank of Japan's gradual interest rate hikes [1] - The rising bond yields are directly impacting government borrowing costs, posing new challenges to Japan's fiscal sustainability [1]
日本新财年预算达122万亿日元,创历史新高
Hua Er Jie Jian Wen·2025-09-03 09:31