• Kyodo

  • SHARE

The Abe administration approved a medium-term fiscal reform plan Thursday, pledging to narrow the budget deficit by ¥17 trillion over the next two years but offering no specifics on how to improve public finances.

Prime Minister Shinzo Abe’s team also promised to avoid increasing new debt issuance for two years, reduce government waste and allocate money for prior policy measures with an eye on beating nearly two decades of deflation.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)