Japan announced a cut in overall spending for the first time in 12 years in its fiscal 2024/25 budget, amid speculation the central bank may soon shift away from more than two decades of ultra-easy monetary policy.

The budget for the coming fiscal year that starts in April is estimated at 112.07 trillion yen ($787 billion), down 2% from the current year's initial amount of 114.4 trillion yen.

Still, the size of the budget hovers above 110 trillion yen for two straight years.

【日本政府敲定2024年度预算案 防卫费支出再创新高】
据日本经济新闻22日报道，当地时间当天傍晚日本政府举行临时内阁会议，敲定2024年度财政预算案，2024年度财政预算案一般会计总额达到112万717亿日元规模，为历史第二高的规模。
在此次预算案中，其防卫费预算达到7万9172亿日元，同比上涨16.6%，再创历史新高。