Japan plans record bond sale to boost economy

Business Nov 29, 2025

Japan is gearing up to sell ¥11.7 trillion ($75 billion) in new government bonds to power Prime Minister Sanae Takaichi's latest economic stimulus plan—a big step up from last year's ¥6.7 trillion under the previous PM.
The overall extra budget for this move is a hefty ¥18.3 trillion ($117 billion).

Where the money's coming from—and what it means

Besides borrowing, the funding mix includes a tax revenue surplus, non-tax income, and leftover cash from last year.
The cabinet is expected to approve it by Friday.
While some worry about more debt, Takaichi signaled total bond issuance for the year will actually be lower than last year—¥40.3 trillion versus ¥42.1 trillion—aiming to balance support for the economy with keeping finances steady.