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Kishida stresses vigilance amidst market volatility; calls for collaborative approach with BOJ

Kishida reassured the public that the government is committed to closely monitoring market developments. “We will maintain a vigilant watch over the stock market and ensure that our financial policies are effectively implemented,” he affirmed. This proactive stance is intended to mitigate the impact of market fluctuations on the broader economy and prevent any potential adverse effects on economic stability.

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Japan projects primary budget surplus for FY 2025 amid economic recovery efforts

The forecast, presented at a meeting of Prime Minister Fumio Kishida’s Council on Economic and Fiscal Policy, reflects an anticipated rise in tax revenue driven by robust corporate earnings, coupled with a moderation in expenditure growth following extensive stimulus spending in recent years. The central government’s estimate underscores its commitment to fiscal responsibility and economic reform.

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Japan PM Attends Union Event Admist Snap Elections Speculations

The pressing issues facing Japan, such as a rising cost of living, declining population, and the increasing geopolitical challenges posed by China, could prompt Kishida to seek a fresh mandate from the people through an election. By doing so, he may aim to gain public support for his policies and initiatives designed to address these critical challenges.

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