TOKYO, June 24 -- Japan Ministry of Finance issued the text of the following fiscal policy speech:
Before requesting deliberation on the budget for FY2025, I would like to state the basic approach underlying the government's fiscal policies and outline the draft budget.
(Current state of the Japanese economy and basic approach to fiscal policies)
The Japanese economy is showing positive signs, such as wage increases at the highest rate in 33 years and capital investments of the largest scale ever. It is necessary to make these signs solid and create an economy where wage growth constantly outpaces price growth, and to ensure a transition to a "growth-oriented economy driven by wage increases and investment."
Under these circumstances, t...