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Japan launches spending review to cut waste, inspired by U.S. DOGE, amid rising debt and stimulus fallout.
Japan has launched a government spending review led by Finance Minister Satsuki Katayama, aiming to cut wasteful subsidies, tax breaks, and public funds without restructuring agencies.
The initiative, inspired by U.S. DOGE, seeks to improve fiscal responsibility amid rising debt and expansionary policies.
A cross-ministry team will assess programs, gather public input via social media, and inform the 2027 budget, with no set spending targets.
The move follows a 21.3-trillion-yen economic stimulus package that triggered market volatility, including a yen selloff.
It aligns with coalition partner Ishin’s push to reduce bureaucracy and streamline operations.
Japón lanza una revisión del gasto para reducir el desperdicio, inspirado en el DOGE de los Estados Unidos, en medio del aumento de la deuda y la caída del estímulo.