The Japanese government on Thursday set a new goal of reducing the ratio of Japan's public debt to gross domestic product from fiscal 2021, but the feasibility of the target remained unclear amid ballooning social security costs due to the aging of the population, said local media. Prime Minister Shinzo Abe's administration pledged in its long- term economic and fiscal policy blueprints to halve the ratio of the primary balance deficit to the country's GDP by fiscal 2015 from the level in fiscal 2010 and turn the balance into a surplus by fiscal 2020, according to Kyodo News Agency. By committing to fiscal rehabilitation, the government is attempting to prevent growing concern over the nation's fiscal discipline from triggering a spike in longer-term interest rates, said Kyodo News. The government also said in the blueprints presented at a meeting of the Council on Economic and Fiscal Policy on Thursday that it will review social security costs with nothing off-limits. The Cabinet plans to endorse the policy blueprints on Friday, along with its growth strategy, one of the "three arrows" of the prime minister's economic policies, dubbed "Abenomics," including drastic monetary easing by the Bank of Japan and massive fiscal spending, according to the report.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor