Prime Minister Fumio Kishida appears to be counting on the Bank of Japan to keep borrowing costs near rock-bottom lows as his government paves the way for continued spending even after a record-breaking splurge during the pandemic.
The prime minister, seen as fiscally cautious before he became leader, has signed off on changes to an annual fiscal policy plan that loosen rather than tighten the corset constraining the nation’s spending plans. And this is for an economy that already has the developed world’s largest public debt load.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page.
We humbly apologize for the inconvenience.
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)
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.