🇯🇵 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

DCR

32.35

+13.82%

$HMSTR

HMSTR

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$AT

AT

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