• Kyodo

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Japan is set to miss its key fiscal rehabilitation goal in fiscal 2020, even if the doubling of the consumption tax is completed and the economy is on a solid recovery track, an estimate released by the Cabinet Office said Thursday.

Prime Minister Shinzo Abe’s government has internationally committed to halving the ratio of the primary balance deficit to Japan’s nominal gross domestic product by fiscal 2015, compared with its level in fiscal 2010, and turning the balance into a surplus by fiscal 2020.

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