Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Politics Japan plans record $944bn budget, marking 10-year spending spree Pandemic response and aging population drive up expenses The pandemic response and rising social security costs will again push up Japan's annual budget to a record high.
YOHEI HIROSE, KOSUKE TAKAMI and KANA BABA, Nikkei staff writers December 18, 2021 06:41 JST | Japan
TOKYO -- Japan is set to propose a 107 trillion yen ($944 billion) budget for fiscal 2022, with the pandemic response and rising social security costs again driving the total to a record high.
The figure would mark the 10th straight year of record spending. New bond issuances will decline for the first time in two years thanks to a rise in tax receipts.
Take your reading anywhere with offline reading functions Never miss a story with breaking news alerts Customize your reading experience
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.
Celebrate our next chapter
Free access for everyone - Sep. 30
Find out more
By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our
to learn how you can update your cookie settings.
Accept & Continue