trending Market Intelligence /marketintelligence/en/news-insights/trending/oxA6xy3hKW0CJTXT2GEfoQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Japan economy minister reaffirms fiscal surplus target

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

Online Brokerage Space Should Remain Rich Source Of M&A

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts


Japan economy minister reaffirms fiscal surplus target

The Japanese economy minister has said he will make every effort to achieve the government's target of a primary budget surplus in the fiscal year 2020, despite recent calls by government advisers for a switch toward managing the GDP-to-debt ratio instead, Reuters reported.

A policy shift earlier this year had led some economists to suspect the government might be moving away from the primary surplus target, but Toshimitsu Motegi reaffirmed support for the objective.

"I'm not trying to say that fiscal discipline is of less importance than economic growth," Motegi said. "I'm trying to say they are both important. You cannot have one without the other."

Motegi was added to the Japanese cabinet in the week ended Aug. 4, after a reshuffle by Prime Minister Shinzo Abe.