Learn more

Japan’s primary budget balance will swing to a surplus in fiscal 2025, a revised government estimate showed Monday, indicating that its current fiscal rehabilitation goal will be met after repeated delays. If the heavily indebted nation records a surplus as expected, it will be the first since fiscal 1991. The dire straits of the country’s state coffers will not change, however, as the size of its debt will still be twice as large as the economy in the most conservative scenario. In its previous report in January, the government expected the goal to be met in fiscal 2026 at the earliest. The l…

cuu