The man widely tipped to become Japan's next finance minister has called for “substantial cuts” to the near-Y15,000bn ($163bn) economic stimulus package being implemented in the world's second-largest economy.
Hirohisa Fujii, supreme adviser to the Democratic party of Japan and one of its most influential figures, told the Financial Times yesterday that reviewing the economy-boosting “supplementary budget” must be a priority for the administration after it takes office next week.
The comments by Mr Fujii highlight the far-reaching policy implications of the DPJ's victory in last month's election.
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