The 2025 Basic Policy on Economic and Fiscal Management and Reform (Honebuto) continues Japan’s commitment to fiscal discipline while introducing targeted measures to foster innovation. For the healthcare sector, the planned increase in social security spending presents an important opportunity — to channel resources toward advancing pharmaceuticals and medical technologies, ensuring they contribute to better outcomes rather than being absorbed elsewhere in the system.

For an analysis of the 2025 Honebuto and its implications for healthcare and innovation, please read GR Japan's full insight in the attached PDF.