🇯🇵 JAPAN'S ¥122 TRILLION BUDGET DROP – HERE'S THE MACRO TAKE
🔥 The Numbers:
· ¥122.3T ($785B) draft budget for FY2026
· Adds to ¥21.3T stimulus from Nov 2025
· Bond issuance capped at ¥29.6T
· Debt reliance ratio at 24.2% — lowest since 1998
🧠 What It Signals:
✅ Not runaway stimulus — disciplined spending
✅ Targeted, long-term growth focus
✅ Fiscal credibility remains a priority
✅ Still supportive liquidity backdrop
PM Takaichi’s message: growth + discipline.
Markets are watching the reflation path vs. debt sustainability tightrope.
📈 Crypto & Market Angle:
Japan’s liquidity remains generous but measured.
Carry trade fuel stays available, but no "money printer go brrr" excess.
Still net-positive for risk assets in a contained way.
#Japan #Budget #Yen #Liquidity #Macro
DCR
20.35
+7.38%
HMSTR
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AT
0.163
+4.48%