Fiscal hawks at Japan MOF in a rift with Cabinet Office
Tokyo
ADVISERS to Japan's Finance Ministry have accused the Cabinet Office of making overly rosy assumptions about growth and spending, a draft document showed on Tuesday, highlighting sharp internal divisions over how to tame the country's massive debt.
The document, reviewed by Reuters, offers a rare glimpse of in-fighting within Shinzo Abe's government, and reflects fears within the hawkish Finance Ministry that some policymakers close to the prime minister want to backslide on fiscal spending cuts.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China says Hamas and Fatah express will for reconciliation
US consumer confidence at lowest level since 2022
Record gold prices boost recycling: WGC
Malaysian fast food operator QSR shelves IPO plans amid boycott campaign: sources
WHO warns of bird flu risk spreading to cows outside US
Sri Lanka’s key inflation rate rises to 1.5% in April