Japan targets primary balance surplus in next fiscal year's economic and fiscal policy plan.

Japan reaffirmed its goal to achieve a primary balance surplus next fiscal year in its economic and fiscal policy plan draft. This marks the first mention of the budget goal since 2021, indicating an increased likelihood of success amid rising interest rates. The government aims to maintain wage growth and support chip production to reach a sustainable economy, with a focus on economic, fiscal, and social security reforms.

June 11, 2024
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