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Japan: PM Takaichi Sees Budget Surplus Despite Record Budget

Japan: PM Takaichi Sees Budget Surplus Despite Record Budget
Japan has approved a record budget for the fiscal year 2026. Prime minister sanae takaichi says the plan will deliver a primary balance surplus for the first time in 28 years. The surplus, which excludes debt-servicing costs, is a long-standing fiscal goal and is being used by the government to reassure markets that higher spending can still be responsible.