Japan Approves Record Budget Amid Defense Spending Surge

TL;DR Summary
Prime Minister Sanae Takaichi's Cabinet has approved a record ¥122.3 trillion budget for the next fiscal year, including issuing ¥29.6 trillion in bonds to cover revenue shortfalls, and plans to submit it to parliament for approval.
- Takaichi’s Cabinet proposes record spending in next fiscal year The Japan Times
- Japan on track to become world’s third-largest defence spender Euronews.com
- Japan's cabinet approves record $785 billion budget, vows to keep debt in check Reuters
- Japan Sees First Primary Balance Surplus in 28 Years Next Year Bloomberg.com
- Japan Plans Record High Initial Budget for Next Fiscal Year The Wall Street Journal
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