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Japan: Government plans new debt for crisis budget

To cushion the economic fallout from the war in the Middle East, Tokyo is digging deep into the debt toolbox. The effects are already being felt in the yen, equities, and government bonds.

Manuel Liu
18. May 2026
Japanese Finance Minister Satsuki Katayama
Finance Minister Katayama: Committed to “minimizing various risks.” (IMAGO / Kyodo News)

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Last updated: 18. May 2026

Finances
Financial market
Financial policy
Debts
Public debt