Japan PM Candidate Takaichi Plans Bond Issuance to Combat Living Costs

Sanae Takaichi, a leading candidate in Japan's ruling Liberal Democratic Party leadership race, has emphasized the need to address rising living costs by primarily utilizing surplus tax revenues. However, she acknowledged that issuing additional government bonds might become necessary if tax revenues prove insufficient. Takaichi, known for her support of aggressive fiscal and monetary stimulus, made these remarks ahead of the October 4 leadership election to replace outgoing Prime Minister Shigeru Ishiba. Her approach highlights a willingness to balance fiscal discipline with proactive economic measures. Other contenders, like Agriculture Minister Shinjiro Koizumi, advocate funding spending packages through increased tax revenues and cutting wasteful expenditures, emphasizing sound fiscal policy based on economic growth. The debate reflects differing perspectives on how Japan should navigate inflationary pressures while maintaining fiscal stability.