Japan: Economy Tests Takaichi’s Promises · Global Voices
2 Articles
2 Articles
One year after coming to power, Japanese Prime Minister Sanae Takaichi faces one of the main tests of her mandate: getting economic growth to translate into tangible improvement for households. Her commitment to investment and fiscal stimulus seeks to boost activity, but yen inflation and depreciation continue to push the cost of living. At the same time, increased public spending and tax cuts raise questions about the sustainability of state ac…
Monetary Fund: The growth rates of the economy are projected to fall to 0.6% next year. Japan is facing an increasingly complex economic test as the yen declines and the cost of government borrowing rises, at a time when the government seeks to boost spending and investment to support growth and industrial capabilities, while investors monitor Tokyo's ability to maintain confidence in the debt market, with public debt exceeding twice the test of…
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