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tokenanalyst

Lieutenant General
Registered Member
AntiDK said:

Japan’s record US$782 billion budget to boost military firepower, tame inflation​

The budget comes as the market worries about Prime Minister Takaichi’s big spending policies adding to Japan’s public debt

View attachment 166914

The Japanese government on Friday approved a record budget for the coming financial year to pay for everything from bigger defence spending to ballooning social security costs as inflation persists.

The 122.3 trillion yen (US$782 billion) budget for the financial year from April 2026 will include some 9 trillion yen for defence spending, as Prime Minister Sanae Takaichi aims to accelerate Tokyo’s sweeping upgrade of its military in the face of worsening relations with China.

The defence ministry said in a briefing document that “Japan faces the most severe and complex security environment since the end of the war”, stressing the need to “fundamentally strengthen” its defence capabilities.

At the core of its request is 100 billion yen for the so-called Shield coastal defence system, which would marshal drones to block any invasion by foreign troops.

Japan is hoping that Shield – Synchronised, Hybrid, Integrated and Enhanced Littoral Defence – will be completed by March 2028, with no details yet on which part of Japan’s coastline it will be linked to.

The 122 trillion yen figure compares with the 115 trillion yen sought for the current financial year to March, which was also a record.

The expanding budget comes as the market worries about Takaichi’s big spending policies adding to Japan’s public debt.

Japan already has the biggest ratio of debt to gross domestic product among major economies, projected to reach 232.7 per cent this year, according to the International Monetary Fund.

Earlier this month, parliament approved a massive extra budget to pay for a 21.3 trillion yen stimulus announced a month earlier.

The market has reacted by driving down the value of the yen while the benchmark yield rose for Japanese government bonds.

Some observers have drawn comparisons to the UK’s 2022 bond market turmoil under then-prime minister Liz Truss.

Takaichi has advocated big government spending to spur economic growth.

“What Japan needs right now is not the undermining of our strength as a nation through excessive austerity fiscal policies, but rather the bolstering of our national strength through proactive fiscal policies,” she told a press conference last week.

In an interview on Tuesday with the influential Nikkei business daily, Takaichi stressed her commitment to Tokyo’s financial health, rejecting any “irresponsible bond issuance or tax cuts”.

The current size of the budget is unlikely to shock the bond market, Takahide Kiuchi, executive economist at Nomura Research Institute, wrote in a note ahead of Friday.

But an increase to around 125 trillion yen or more, he said, would cause the “turmoil in the bond market, already in crisis mode, to deepen further”.

“Financial markets are likely on high alert for a similar occurrence. Should the fall of the yen and bond prices further accelerate due to the size of the budget, it would increase worries about adverse effects on the economy and people’s lives.”

A weaker yen raises prices of imports for resource-poor Japan, which relies heavily on foreign food, energy and raw materials to power its economy.

Takaichi came to power in October with a pledge to fight inflation after anger over rising prices.

Another challenge facing the country is its ageing population, caused by chronically low birth rates and a cautious approach to immigration.

The draft budget needs to be approved by parliament.



"JUST SHUT YOUR MOUTHS AND INVEST EVERYTHING IN ME!" - SANAE TAKAICHI
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Good to know the US clown crypto grifters are going to get richer with Japan debt money.

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He need that money to buy decent shoes.
 
Aniah

Aniah

Senior Member
Registered Member
tokenanalyst said:
Good to know the US clown crypto grifters are going to get richer with Japan debt money.

View attachment 166954
He need that money to buy decent shoes.
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Even worse, he chooses that style. Slippers, Hawaiian shirt, takes photos of himself next to cardboard anime cut-outs, racist, and makes fake wunderwaffe weapons to sell to/scam the military. The guy takes pleasure in being a GTA NPC.
 
P

pmc

Colonel
Registered Member
Chevalier said:
White supremacy is cowardice given that Chinese power and might actually turns a rabid white supremacist like trump who wanted an all of society war on China, and who wanted a pan white alliance with Russia against China, into a total dove. It is fear of punishment that compels compliance in trumps case.
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US and Russia can cooperate on issues like Abrahamic Accord but Russia alliance with US cannot happen. That Putin year end press conference few days ago if summarized in one word is praise of Islam for all the good things happening in Russia. All that is keenly watched by the Soft Power. not even muslim attire pics of Kazan figure skater in Beijing they miss.
UFA has UMPO Russia largest engine production.
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Vladimir Putin praised support for Islam in Bashkortostan.
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Q

Quan8410

Junior Member
Registered Member
CMP said:
Putting it simply, Vietnam does not have the technical, engineering, or industrial capacity to complete such a large project. 1,541 kilometers? You could only look to China for that.
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Vingroup railway project is just a scheme for them to grab the land around the development. After all the land grab finish, they will pull out to avoid their own death. In Vietnam, nothing is done purely for development. They are usually a mix of political and economic struggles.
 
L

luminary

Senior Member
Registered Member
AssassinsMace said:
You want to go by how the European Western elite saw their Eastern European brethren in history, this guy shouldn't be talking like he was part of the West. But then that's what Eastern Europeans desire these days to be recognized by their bigger brother. The Chinese have experienced the Eastern European that Western Europe labelled as the most racist of the European continent. It's no wonder that China has had trouble with Eastern European countries thinking they can stand up to China and then lost in embarrassment. This author coming from one of them. Yes, Europe didn't beg to China. The Europeans with their elitist mindset would see that as insulting. They would more believe China needed to beg to them to help Europe. That's why it didn't happen. Europe continues to think they're important hence why they act like their acceptance alone is priceless to the rest of the inferiors of the world. Europe bought a seat on the Trump train in his first term before Putin invaded Russia. Russia then was a part of their plot to ally and gang up against China post-Iraq War exit for the EU. Their anti-China plotting goes as long as back then but somehow China is suppose to give them unwavering support in anything and everything they ask...?

If you saw the HBO TV series, The Regime, that accurately portrays the European mindset without them knowing it. The series was about a fictional European country's internal drama of going rogue from Western values. The producers try to portray how they think what it would be really like if that were to happened. And what was one of the first acts of their autocratic leader after the West cuts them off... they go running to China for assistance. But here the foreign secretary acts like it's a desperate attempt of a developing country beneath any civilized country. In reality the foreign secretary is probably going to be the first person that recommends their leader go to China not one that is a secret Westerner that has chosen an autocratic regime to join? It's wishful fantasy where everyone really wants to be a Western European anyway and they want that played out like a porn movie so they can masturbate to themselves. That's what they think is happening in Russia. Europeans think that's happening everywhere in the world.
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The USA basically built the EU project using the Marshall Plan and militarily colonized Europe with it. The Europeans thought the US was stupid, spending all that money on NATO military bases while neglecting their domestic population. Meanwhile, the Europeans could redirect their military spending to social services and their citizens could have 2-5 hour workdays. So those countries were nursed fat and entitled together. But ended up completely defanged as former powers after a single generation. Brilliant play by the USA masterminds of the time.
 
bsdnf

bsdnf

Senior Member
Registered Member
GulfLander said:
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Vietnamese are trying to replicate China's prisoner's dilemma trick in its early 2000s bidding process, with Siemens merely a figurehead. No one believes Vingroup could acquire land and purchase equipment solely with its own capita, that’s too risky. The most realistic solution would be to establish a joint venture, similar to Indonesia's, but since China isn't even participating in the bidding, because they don’t trust private giant, the bidding became pointless.
 
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Chevalier

Chevalier

Captain
Registered Member
Quan8410 said:
Vingroup railway project is just a scheme for them to grab the land around the development. After all the land grab finish, they will pull out to avoid their own death. In Vietnam, nothing is done purely for development. They are usually a mix of political and economic struggles.
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Vietnam really is going to be stuck in 1990s China forever. At least horny Chinese bachelors will have a place for their bucks nights.
 
supercat

supercat

Colonel
AntiDK said:

Japan’s record US$782 billion budget to boost military firepower, tame inflation​

The budget comes as the market worries about Prime Minister Takaichi’s big spending policies adding to Japan’s public debt

View attachment 166914

The Japanese government on Friday approved a record budget for the coming financial year to pay for everything from bigger defence spending to ballooning social security costs as inflation persists.

The 122.3 trillion yen (US$782 billion) budget for the financial year from April 2026 will include some 9 trillion yen for defence spending, as Prime Minister Sanae Takaichi aims to accelerate Tokyo’s sweeping upgrade of its military in the face of worsening relations with China.

The defence ministry said in a briefing document that “Japan faces the most severe and complex security environment since the end of the war”, stressing the need to “fundamentally strengthen” its defence capabilities.

At the core of its request is 100 billion yen for the so-called Shield coastal defence system, which would marshal drones to block any invasion by foreign troops.

Japan is hoping that Shield – Synchronised, Hybrid, Integrated and Enhanced Littoral Defence – will be completed by March 2028, with no details yet on which part of Japan’s coastline it will be linked to.

The 122 trillion yen figure compares with the 115 trillion yen sought for the current financial year to March, which was also a record.

The expanding budget comes as the market worries about Takaichi’s big spending policies adding to Japan’s public debt.

Japan already has the biggest ratio of debt to gross domestic product among major economies, projected to reach 232.7 per cent this year, according to the International Monetary Fund.

Earlier this month, parliament approved a massive extra budget to pay for a 21.3 trillion yen stimulus announced a month earlier.

The market has reacted by driving down the value of the yen while the benchmark yield rose for Japanese government bonds.

Some observers have drawn comparisons to the UK’s 2022 bond market turmoil under then-prime minister Liz Truss.

Takaichi has advocated big government spending to spur economic growth.

“What Japan needs right now is not the undermining of our strength as a nation through excessive austerity fiscal policies, but rather the bolstering of our national strength through proactive fiscal policies,” she told a press conference last week.

In an interview on Tuesday with the influential Nikkei business daily, Takaichi stressed her commitment to Tokyo’s financial health, rejecting any “irresponsible bond issuance or tax cuts”.

The current size of the budget is unlikely to shock the bond market, Takahide Kiuchi, executive economist at Nomura Research Institute, wrote in a note ahead of Friday.

But an increase to around 125 trillion yen or more, he said, would cause the “turmoil in the bond market, already in crisis mode, to deepen further”.

“Financial markets are likely on high alert for a similar occurrence. Should the fall of the yen and bond prices further accelerate due to the size of the budget, it would increase worries about adverse effects on the economy and people’s lives.”

A weaker yen raises prices of imports for resource-poor Japan, which relies heavily on foreign food, energy and raw materials to power its economy.

Takaichi came to power in October with a pledge to fight inflation after anger over rising prices.

Another challenge facing the country is its ageing population, caused by chronically low birth rates and a cautious approach to immigration.

The draft budget needs to be approved by parliament.



"JUST SHUT YOUR MOUTHS AND INVEST EVERYTHING IN ME!" - SANAE TAKAICHI
Click to expand...
It doesn't really matter. Like the US, Japan simply doesn't have the industrial prowess to compete with China. Whatever they can build, China can build ten times more.
https://twitter.com/i/web/status/2004460217057353946
 
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