Japan's Cabinet Approves Record US$730B Budget for 2025
Japanese PM Ishiba approves US$732b budget for next fiscal year starting in April
Japanese Prime Minister Shigeru Ishiba has approved a record budget of 115.5 trillion yen or US$732 billion for the next fiscal year starting in April. This is on the back of growing social security and defence spending.
NerdWallet estimates that food prices have risen 28%. Even with inflation beginning to slow, prices are still up.
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