The Abe administration is boasting that its general account budget for fiscal 2014 — totaling a record ¥95.88 trillion — reflects its resolve to achieve the dual tasks of pulling the nation out of decades-old deflation and restoring fiscal health to the government.

Experts, however, say it fails to show that the Abe team is serious about revising the debt-driven fiscal structure as more than 40 percent of the budget will be paid for through new debt issuance.

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.