The Japanese Parliament passes the new fiscal year's budget plan, reaching a new record high

According to Xinhua News Agency, the Japanese Parliament recently approved the new fiscal year budget plan, totaling 114.38 trillion yen, setting a new record high. This budget plan focuses on investments in areas such as addressing an aging population, strengthening disaster prevention measures, and promoting green transformation. The government aims to stimulate economic recovery through increased public spending and to tackle long-standing social issues. Analysts point out that the large-scale budget may increase Japan’s fiscal burden, and how to balance economic growth with fiscal health in the future will become an important issue.

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