Diet enacts record ¥107.60 tril budget for FY2022

Japanese Diet enacted Tuesday a record 107.60 trillion yen ($900 billion) budget for fiscal 2022 to finance measures against the coronavirus as well as rising social security and national defense costs.

The House of Councillors passed the budget for the year starting on April 1, following its approval by the House of Representatives in late February. It is the third-earliest enactment of an initial budget in Japan’s postwar era.