ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Politics

Japan's pursuit of fiscal health remains pie in the sky

Future generations will pay the price for government foot-dragging on reform

Japan's loose finances will postpone burdens to our children and grandchildren

TOKYO -- Prime Minister Shinzo Abe's plan to channel a portion of consumption tax revenue to education spending raises a red flag as it signals an about-face on the government's commitment to improving Japan's fiscal health.

In a Sept. 25 news conference, Abe announced plans for generous investment in youth, including making early childhood education completely free and accelerating plans to expand child care capacity in an effort to clear chronically clogged waiting lists.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more