Government Debt-to-GDP Ratio Shows Signs of Improvement
Prime Minister Takaichi has taken office with a policy approach that is considered by market participants to reflect elements of Abenomics, particularly a supportive stance on fiscal spending and monetary easing. As the Bank of Japan (BoJ) moves toward normalising its monetary policy, the prospect of fiscal expansion has prompted concerns in some quarters regarding the long-term sustainability of Japan’s public finances.
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Written by Yuko Iizuka, Economist, Asset Management One Co., Ltd