Japan’s economic policy draft seeks economic growth driven by wage increases
A draft of the Japanese government’s annual basic policy on economic and fiscal management and reform rejects tax reductions that are not backed by revenue sources as a means to increase people’s net income. Instead, the document obtained by NPON TV calls for establishing wage increases that outpace rising prices while the overall economic pie expands. The government will seek to realize a growth economy driven by increases in wages and to raise real wages by about 1%. Thereby improving both income and productivity. As for primary balance, which indicates whether the government’s policy expenses are being covered by tax revenues and other income, the draft effectively retreats from the earlier target of achieving a surplus by fiscal 2025, which runs through March 2026. The new target is to achieve a primary balance surplus for the national and local governments combined as early as possible during the fiscal years 2025 to 2026 through March 2027. As for rice policy, the working paper talks about plans to proceed with comprehensive measures, including facilitating the distribution of the government’s stockpiled rice and providing clear and detailed information to consumers in order to stabilize the soaring prices by ensuring stable supply of rice. The government also plans to work on making concrete revisions to patty field policies and reviewing and reinforcing the system for supporting the consolidation of farmland so as to enable producers to engage in farming with motivation as crimes and nuisance by foreign nationals are becoming social issues. The draft calls for strengthening the command system encompassing the entire government such as meetings of relevant government ministers to realize an orderly society in which Japanese and foreign nationals can coexist. The government is scheduled to finalize the policy in June.
A draft of the Japanese government’s annual Basic Policy on Economic and Fiscal Management and Reform, scheduled to be finalized in June, rejects tax reductions that are not backed by revenue sources and calls for a growth economy driven by increases in wages.
Originally on air on June 4, 2025.
READ the latest news and full transcript on https://www.ntv.co.jp/englishnews/
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5 Comments
မဂ်လာညနေခင်းပါလို့ေလးစားစွာ နှုတ်ခွန်းဆတ်သပါတယ်သမတ ြကီး ရှင့် 😌🙏
I hope relationships between the Japanese people and foreigners will be better. Not all of us are rude and disrespectful towards the country.
Sure economic growth by printing more money and wage increases.
Growing the harry potter way, what a pitty japanese had such a great work ethic. Such great Mastery and quality.
Now it will become just bs there too in the foreseeable future.
More idiotic moves by ishiba. Won't cut taxes, but will force companies to pay their employees more. Never mind the businesses that can't afford it. Just watch more companies reduce staff and replace with Ai and machines.
Stop taking people's money via taxes while they keep printing money left and right that only devalue the currency.
This will do nothing, they are not attacking the correct issues.
Firstly, Japanese farmers earn nothing, they are poorest people in all of Japan! Yet they feed the nation!
Now that farmers are growing older, young people see how difficult it is to be farmer, and none of them want to step in these shoes, when oligarchy of middle management that buys rice from farmers, pay them extremely poorly, yet sell rice to very steep prices which hurts consumers. This corruption must be dealt with, its a mafia! Criminal at every level.
Japan still does not want to enforce minimum wage, nor maximum workhours, nor combat black companies.
Japanese government does not want to remove pleasure districts despite making Japanese law prohibiting it.
Bullying in schools are becoming more and more troublesome, this has huge impact on childrens growth, and must be dealt with.
Monster parents are increasingly becoming more nuisance to Japanese society, again, the government does nothing.
Lack of police actions are breeding ground for corruption and increased crime which goes underreported as people loose faith in police force, this is such a big problem, there are now vigilante groups that take matters into their own hands.
It is safe to say, that Japan right now, is on a road towards total disaster, and could very well have systematic collapse within 10 years and become poorer than Philippines with similar living standards.
This however, will be huge opportunity for Japanese Communist Party to strike and make Japan a super power it once was, through careful planning and implementation of command economy and total abolishment of free market Capitalism which has put Japan in this situation.