• SHARE

Since the days of the administration of Prime Minister Junichiro Koizumi, financial reconstruction through reform of revenue generation and spending has been the core government policy. But the basic budget guidelines adopted by Prime Minister Taro Aso’s administration represent a virtual scrapping of that policy line.

Symbolic is the decision to drop the policy of curbing automatic growth in social security spending by ¥220 billion a year. The guidelines say the government will carry out “necessary restoration” of social security in order to build a society in which people feel secure about their lives. Thus, automatic growth will be accepted in the fiscal 2010 budget.

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 out 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