Japan Budget requests for fiscal 2022 are expected to hit a record high

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In the Japanese media, an item on expected record budget requests across Japanese ministries and agencies. Fiscal 2022 expected to total over 110 trillion yen ($1 trillion) for the first time.

  • Says due to rising debt-servicing costs amid the coronavirus pandemic
  • citing unnamed government sources
  • The requests for the year starting next April, to be filed by next Tuesday
  • Would hit a record high for the fourth straight year.

Japan’s Finance Ministry will draft the initial budget in December

  • the parliament will then debate

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