REGULATORY

Japan Cabinet OKs Record Social Security Spending in FY2026 Budget, 105 Billion Yen in Drug Price Cuts

December 26, 2025

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Japan’s Cabinet on December 26 approved a 122.31 trillion yen general-account budget for FY2026, marking an increase of 7.11 trillion yen from the previous year. Social security spending is set to reach a record high of 39.06 trillion yen, up…

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