Japan will not detail a time frame for balancing the primary budget in its midyear economic policy for the second consecutive year, a draft shows, underscoring Prime Minister Fumio Kishida's focus on bolstering the economy.
The plan comes amid speculation that Kishida could call a snap election in coming months to solidify his grip on power within Japan's ruling party.
"The absence of a target year highlights the fact that the government lacks a sense of crisis over Japan's fiscal situation," said Atsushi Takeda, chief economist at Itochu Economic Research Institute.
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