Japan’s heavy debt burden and the size of a supplementary budget could further complicate their aim to balance the primary budget by 2025.

🇯🇵 But the government's room for manouevre is limited as Japan has the industrial world's heaviest debt, and a supplementary budget of that size would make it even harder to meet a target to balance the primary budget, excluding new bond sales and debt servicing costs, by fiscal… t.co/MkCeWJ8KGL

— PiQ (@PiQSuite) October 17, 2023

vis TOKYO (Reuters via PiQSuite.com)

Lawmakers from Japan’s ruling Liberal Democratic Party (LDP) gave a list of proposals to Prime Minister Fumio Kishida’s cabinet for possible inclusion in an economic package to help people cope with rising living costs.

While the measures proposed were broadly aimed at fostering economic growth, they did not include income tax cuts, which some LDP lawmakers had favoured, but there was room for cash payouts to low income households.