Japan's budget trajectory for the coming year tells an interesting story about fiscal priorities. While absolute spending will increase, here's the catch—relative to nominal GDP, the budget size has basically held steady over the past three years. It's a classic case of nominal growth masking structural stagnation. For traders monitoring macro conditions, this matters: when fiscal expansion slows relative to economic output, it signals either constraint in policy space or shifting priorities. Worth watching how this plays into broader yen dynamics and regional economic sentiment.