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flag Japan launches spending review to cut waste, inspired by U.S. DOGE, amid rising debt and stimulus fallout.

flag 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. flag The initiative, inspired by U.S. DOGE, seeks to improve fiscal responsibility amid rising debt and expansionary policies. flag A cross-ministry team will assess programs, gather public input via social media, and inform the 2027 budget, with no set spending targets. flag The move follows a 21.3-trillion-yen economic stimulus package that triggered market volatility, including a yen selloff. flag It aligns with coalition partner Ishin’s push to reduce bureaucracy and streamline operations.

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