TOKYO, Dec. 28 (Xinhua) -- The Japanese government has recently approved a draft budget for fiscal 2026, with defense spending set at about 9.04 trillion yen (about 58 billion U.S. dollars), marking a ...

Under the draft budget for fiscal 2026, new government bond issuance is set at about 29.6 trillion yen to cover a revenue shortfall, underscoring Japan's heavy dependence on debt and fueling concerns ...