23 June 2015
Investors have been more focused Japan's aggressive monetary policy and the structural reforms promised under Abenomics than fiscal policy. However, the Abe government is taking a new fiscal initiative.
It has taken on a new more ambitious goal, which was unveiled yesterday, and will come up for a vote by the cabinet next week. After reiterating its goal of eliminating the primary budget deficit by 2020, it provided an interim target. It will strive to achieve a 1% primary deficit in FY2018.