Comment
Risk of a repeat of the UK’s Truss-era shock looms as bond investors watch for fiscal gaps
Japanese Prime Minister Sanae Takaichi and Finance Minister Satsuki Katayama participated in a lower‑house budget committee meeting in June. (Photo by Ken Suzuki)
SHIGESABURO OKUMURA
In Tokyo, Prime Minister Sanae Takaichi’s long‑sought reduction of the food consumption tax could satisfy a Liberal Democratic Party campaign pledge. However, economists argue that this measure offers a weak response to inflation and will compel the government to navigate a delicate fiscal tightrope.