Editorial

15:36 JST, November 23, 2024

It must be said that the government has inflated budgetary spending by prioritizing its scale without fully examining the effects on policy. Funds should be used especially for measures that enhance Japan’s growth potential.

The government has approved a package of economic measures to deal with high prices and for other purposes at a Cabinet meeting. The supplementary budget proposal for fiscal 2024 to implement the package calls for about ¥13.9 trillion to be spent from the general account, up from ¥13.1 trillion in the fiscal 2023 supplementary budget.

The scale of the economic measures, including private-sector spending, will total around ¥39 trillion.

The Japanese economy is at a critical juncture in the shift toward becoming a growth-oriented economy, in which both wages and investment increase. Funds need to be used strategically.

With the fallout of the........

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