意在安抚市场情绪？高市早苗自宣：日本2026财年将实现28年来首次基本财政盈余

Core Viewpoint - Japan is set to achieve its first basic fiscal surplus in 28 years, as stated by Prime Minister Sanna Takashi, aiming to alleviate market concerns regarding the government's expansionary fiscal policy [1] Group 1: Fiscal Surplus Achievement - The Japanese government has approved a record initial budget for the fiscal year 2026, amounting to 122.3 trillion yen (approximately 782 billion USD) [1] - The expected basic fiscal surplus for the central government in the new fiscal year starting April 2026 is projected to reach 1.34 trillion yen [1] - Achieving a basic fiscal surplus has been a long-term goal for the Japanese government, providing strong evidence of its commitment to improving the national fiscal situation [1] Group 2: Economic Policy and Market Response - Despite the increase in fiscal spending, the government has effectively suppressed the need for new debt issuance due to record tax revenues, leading to a reduction in the scale of government bond issuance for the fiscal year 2026 compared to the current fiscal year [2] - The rising yield on Japanese government bonds, reaching a 27-year high of 2.1% for the benchmark 10-year bond, reflects market concerns about the country's high debt levels and potential uncontrolled spending [2] - The government is gradually shifting its focus from the basic fiscal surplus as a core measure of fiscal health to reducing the debt-to-GDP ratio, which is perceived as more achievable during inflationary periods [2]