[Record-Breaking Budget Requests from Japan's Ministries, Government Bond Yield Hits 30-Year High] According to Zhitong Finance, Japan's ministries have submitted record-breaking budget requests for the next fiscal year, drawing increased attention to Prime Minister Sanae Takaichi's fiscal ambitions as the benchmark government bond yield touches 3% for the first time in 30 years. Based on media statistics from materials submitted by 18 ministries and agencies, the total budget request amounts to approximately 143 trillion yen. Among them, the Ministry of Economy, Trade and Industry requested more than five times the amount compared to the same period last year, while ministries overseeing defense and social security also submitted record-breaking budget demands. As ministries set new highs in budget requests, the market is waiting to see how the Takaichi administration plans to allocate spending and raise funds for these expenditures. Concerns over Japan's fiscal outlook have long been a factor weighing on the bond market, with the benchmark 10-year Japanese government bond yield rising to 3% on Tuesday, marking its first occurrence since 1996.