Loading...
Market
What will be Japan's inflation rate for fiscal year 2025?
3
Resolution / Starting Odds
Less than 1% • 25%
1% to 2% • 25%
2% to 3% • 25%
More than 3% • 25%
Japanese government economic reports and international financial institutions
Story
Japan Approves Record $730 Billion Budget for 2025, Aims for 2% GDP Defense Spending Amid Challenges
Dec 31, 2024, 10:01 PM
Japan has approved a record budget of $730 billion (774.1 billion euros or 115.54 trillion yen) for the fiscal year 2025, amidst political tensions and economic challenges. The budget includes a significant increase in defense spending, with the cabinet approving a new defense budget of $55.13 billion, marking the 13th consecutive year of increased defense allocations and a 9.4% increase from the previous year. This move is part of Japan's effort to raise defense spending to 2% of its gross domestic product by fiscal 2027. However, the country faces obstacles such as inflation, a weakening yen, and political uncertainty, which are impacting its military buildup plans. Additionally, the government plans to reduce its bond issuance by 20% next year.
View original story
Similar markets
2% to 3% • 25%
More than 3% • 25%
Less than 1% • 25%
1% to 2% • 25%
2.3% to 2.4% • 25%
2.5% to 2.6% • 25%
Above 2.6% • 25%
Below 2.3% • 25%
Exactly 2% • 25%
More than 3% • 25%
Less than 2% • 25%
2% to 3% • 25%
Below 2% • 25%
Above 4% • 25%
3% to 4% • 25%
2% to 3% • 25%
Above 4% • 25%
Below 2% • 25%
2% to 3% • 25%
3% to 4% • 25%
0.25% • 25%
0.75% • 25%
1% or higher • 25%
0.5% • 25%
2% to 3% • 25%
Below 2% • 25%
Above 4% • 25%
3% to 4% • 25%
No • 50%
Yes • 50%
Below 2% • 25%
2% to 4% • 25%
4% to 6% • 25%
Above 6% • 25%