日本2026财年新债发行规模将超过今年

Core Viewpoint - Japan's new bond issuance for the fiscal year 2026 is expected to slightly exceed the current fiscal year's 28.6 trillion yen (approximately 182 billion USD) due to rising social welfare costs and measures to alleviate the economic impact of rising living costs [1] Group 1: Budget and Expenditure - The total expenditure for the upcoming fiscal year is projected to exceed 122 trillion yen, setting a new record [1] - The increase in expenditure is attributed to rising social welfare costs and a comprehensive package of measures aimed at mitigating the economic impact of increased living costs [1] Group 2: Debt and Financing Costs - The financing cost for Japan's substantial debt is expected to rise due to increasing interest rates [1] - Debt servicing costs for fiscal year 2026 are anticipated to exceed 30 trillion yen, surpassing this year's record of 28.2 trillion yen [1] Group 3: Tax Revenue - Nominal tax revenue is expected to exceed the current fiscal year's record of 80.6 trillion yen, but it will not be sufficient to cover the significant increase in expenditures [1]