Japan has launched its own version of Donald Trump’s cost-cutting Department of Government Efficiency, a move that could help ease financial market concerns about Prime Minister Sanae Takaichi’s spending plans.
Creation of a “Doge Japan edition” was one of the demands from the reformist Japan Innovation party ahead of the coalition agreement with Takaichi’s Liberal Democratic party that sealed her election as the nation’s first female prime minister last month.
The launch of the department came the week after Takaichi unveiled a ¥21.3tn ($135.4bn) stimulus package designed to spur economic growth and shield households from the rising cost of living.
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