On paper, things should be looking up for Japan’s pharmaceutical wholesalers. Industry expectations are mounting that the average gap between NHI and market prices will narrow further in FY2026 from the previous year’s record low of 4.8%.A shrinking gap should…
REGULATORY
MHLW to Request a Record 34 Trillion Yen General Account Budget for FY2022
The Ministry of Health, Labor and Welfare (MHLW) is seeking a budget of a record high 33,945 billion yen in its general account for FY2022, up 807 billion yen from the previous year’s budget. The figure includes 31,779.1 billion yen…
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REGULATORY
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Tariffs have been a defining feature of US trade policy under President Donald Trump’s second administration. Since Trump unveiled his “reciprocal” tariff policy in April 2025, the landscape has shifted repeatedly.In February 2026, the US Supreme Court invalidated tariffs imposed…





