Lower house OKs record ¥102 tril budget for FY2020

The budget includes 5.31 trillion yen in defense spending and 1.78 trillion yen for steps to support the economy

On the tail of a massive fail on containing the covid-19 outbreak, seems to me Abe's priorities are a bit skewed towards his military roots.

No one can fault the LDP for shoring up against an aggressive China with hardpower spending. But without similar allocation for softpower spending, I think Japanese businesses will find they'll soon not have a substantial economy to defend. Already China's CRRC are whiteanting Hitachi in the rolling stock business, same with industrial machineries, supply chain equipments, the list is endless. There is a fake Makita impact wrench doing the round on the internet, promising everything the real Makia has and for $30 instead of $180 for Makita. It's not even possible to make it for that price.

The Australian sub deal was supposed to be a done deal, no brainer, off the shelf, fully operational design etc., instead they lost it to an unknown, yet to be modified design from France.

With such a poor showing, why is the Yen at 108 to the dollar? It should be ¥150 to a dollar.

Surely a 102.66 trillion yen budget would cause a weaker yen but somehow the money never seems to have an effect-why is that?