Japan’s Kiuchi says record budget requests need broad comparison
The economic and fiscal policy minister added that next year's budget should properly reflect rising prices and wages "while strengthening the economy's growth potential."
Japan's economic and fiscal policy minister, Minoru Kiuchi, has stated that next year's budget should be compared to the initial budget for this year combined with supplementary budgets from last year. This approach is intended to prepare investors for potential record budget requests. Kiuchi made these remarks while addressing reporters on Tuesday, emphasizing the importance of this comparison given Prime Minister Sanae Takaichi's recent shift away from relying on supplementary budgets.
He further explained that the next year's budget must accurately account for rising prices and wages, all while enhancing the economy's growth potential and supporting an increase in its nominal size.
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