日本政府追加预算规模料达1120亿美元！财政担忧加剧致债汇齐跌

Core Viewpoint - Japan's Prime Minister, Sanae Takaichi, is set to introduce an economic stimulus plan funded by an additional budget, which is approximately 27% larger than the spending plan announced by former Prime Minister Shigeru Ishiba a year ago, highlighting her commitment to expansionary fiscal policy [1] Group 1: Economic Stimulus Plan - The proposed stimulus plan is expected to combine tax cuts and special account expenditures, resulting in general account expenditures reaching 17.7 trillion yen (approximately 112 billion USD) [1] - The additional budget size exceeds the 13.9 trillion yen proposed by Ishiba last year, indicating a significant increase in government spending [1] - The total value of the stimulus plan, including some already budgeted projects, is projected to reach 21.3 trillion yen [1] Group 2: Debt and Interest Rates - The increase in general account spending will necessitate a larger additional budget, which will involve more government bond issuance, further exacerbating Japan's already high debt burden [4] - Japan's total government debt is expected to reach 230% of its economic size this year, according to the International Monetary Fund [4] - As concerns over rising debt levels grow, Japanese government bond yields have increased, with the 20-year bond yield rising nearly 5 basis points to 2.856% [4] Group 3: Economic Context - The overall impact of the stimulus plan, including private sector spending, is expected to swell to approximately 42.8 trillion yen as Japan seeks to address multiple challenges, including persistent inflation [5] - Recent GDP data showed a 1.8% annualized decline in Japan's real GDP for the third quarter, marking the first negative growth in six quarters, which supports Takaichi's push for a large-scale stimulus plan [5]