Takashi Sanae's fiscal policy reveals signs of the resurgence of "Abenomics": long-term balance replaces annual goals, and expenditure orientation rises.
According to the Wisdom Financial APP, Japanese Prime Minister Takaichi Sanae stated on Friday during a speech in the lower house that the government will no longer assess annually in order to achieve the basic fiscal surplus target set for fiscal consolidation, but may adjust its strategy to strive for balance within a few years. "It is reasonable that the economic policy has changed," Takaichi said. Achieving the basic fiscal surplus has long been seen as a key goal of fiscal consolidation work.
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