Japan unveils multiyear framework as part of budget reform (opens original article in a new tab)

Japan unveils a multiyear framework as part of budget reform to finance growth-oriented policies, focusing on economic security and strategic areas with funding from tax revenues, spending cuts, and bonds.

• Japan will create a new multiyear framework to finance growth-oriented policies
• The framework will focus on economic security, crisis preparedness, and strategic growth areas
• Funding will be secured through tax revenues, spending cuts, and government bonds
• The new mechanism is set to start in the next fiscal year