The Japanese Embassy in Brazil on Friday confirmed media reports that Brazilian President Dilma Rousseff has canceled her trip to Japan that was scheduled for early December.

The visit, which was to include a stop in Vietnam, was called off to save money after Rousseff ordered a budget freeze of some $2.6 billion that threatens to grind the government to a halt. The freeze is a measure aimed at complying with the country's fiscal responsibility law.

Still, the president will go ahead with her plan to attend the U.N. climate conference that will open in Paris on Monday, according to media reports.

During the visit, Japan and Brazil, who are hosting the Olympics in 2016 and 2020, respectively, were to confirm cooperation in the staging of the events in areas such as anti-terrorism, according to Japanese officials.

Rousseff was also to hold a meeting with Emperor Akihito, the officials said. Brazil and Japan mark the 120th anniversary of diplomatic relations this year.

The president previously canceled a visit to Japan in 2013 to deal with demonstrations against Brazil's hosting of the soccer World Cup in 2014.