The draft plan, which was presented at Kishida's top economic advisory panel on Wednesday, underscored the challenge for the leader, who is seen as a fiscal hawk, to strike a balance between economic growth and fiscal consolidation.
The closely-watched policy framework will be approved by Kishida's cabinet this month, along with a separate action plan on his "new capitalism" agenda.
"We will not abandon the flag of fiscal reform," Economy Minister Shigeyuki Goto told reporters after the panel's meeting.
"There's no change to the government stance of striving to achieve a primary budget surplus in fiscal 2025," Goto added.
The framework said the government will conduct a review of any progress of its fiscal reform in the fiscal year 2024 so as to create a medium-term economy and fiscal scheme.
Persons:
Fumio Kishida's, Takahide Kiuchi, Shigeyuki Goto, Goto, largesse, Kishida
Organizations:
Nomura Research Institute, Liberal Democratic Party, LDP ₎, International Monetary Fund, Bank of Japan, Thomson
Locations:
TOKYO, Japan