Japan ministries make second-biggest amount of budget requests ever

Japan ministries make second-biggest amount of budget requests ever

Japan ministries make second-biggest amount of budget requests ever

TOKYO (Reuters) – Japan’s annual budget requests for the next fiscal year hit $784 billion as an expected increase in military outlays added to already rising debt-servicing and welfare costs, the Ministry of Finance said on Monday, underscoring the country’s worsening fiscal health.