1. Japanese Prime Minister Takaichi Sanae's administration is developing the first budget plan for the fiscal year starting April 2026, as discussed in the initial meeting of the Fiscal System Council on November 6th.

2. The main focus of this budget will be on an economic growth strategy to strengthen the country, with a priority given to active and responsible fiscal policies. The council will consider policies that reflect current price trends and allocate funds for disaster preparedness.

3. The Fiscal System Council will also discuss government investment in industrial sectors with future potential, assume rising interest rates in fiscal management policies, and consider social security and public works issues. Their proposals are expected to be compiled by early December.