Japan budget requests likely to top 110 trln yen with BOJ easing at crossroad -Nikkei

Budget requests from Japanese ministries for the next fiscal year will likely top 110 trillion yen ($753.37 billion), Nikkei business daily reported on Friday, with rising interest rates on Bank of Japan's recent policy tweaks boosting debt servicing costs. The annual budget requests, to be submitted to the finance ministry by the end of August, highlight the difficulty of streamlining spending for the industrial world's most heavily-indebted government. Under persistent pressure to inflate the world's third largest economy, the finance ministry will scrutinise the budget requests before it compiles the draft annual state budget in December.