Shinzo Abe’s camp says deficit is misunderstood, but top finance officials seek balanced budget, likening the nation to the Titanic heading for an iceberg
TOKYO—When Japan’s leader released his economic vision Tuesday, he left out an important date.
Prime Minister Fumio Kishida deleted a pledge from earlier government statements calling for Japan’s budget to be balanced by 2025. And he declined to give a date by which Japan would do something to lower its government debt, while promising to significantly increase military spending.
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