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Japan must make fiscal reforms as it launches third extra budget, says finmin Aso

  • "It's true that underlying fiscal conditions will worsen due to the third extra budget," Aso told reporters after the budget was approved by the cabinet.
Published December 15, 2020 Updated December 15, 2020 03:28pm
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TOKYO: Japan must revive its economy and make fiscal reforms to win market trust as it pushes through a third extra budget this fiscal year to ease the pain from the pandemic, Finance Minister Taro Aso said on Tuesday.

"It's true that underlying fiscal conditions will worsen due to the third extra budget," Aso told reporters after the budget was approved by the cabinet.

"We must proceed to achieve both economic revival and fiscal reform so as not to cause loss of trust in finances, and overcome the coronavirus crisis," he added.

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