Japan to set interim fiscal target to balance budget in FY2025 – Nikkei

The Nikkei Asian Review, a Japanese daily, reported on Wednesday that the Japanese government is seen pushing back its timeframe for achieving a balanced budget by five years to fiscal 2025, as cited by Reuters.

However, the Abe administration may set an interim target to review progress in getting the country’s fiscal house in order. Japan had originally aimed to achieve a budget surplus in fiscal 2020.macro