Japan's government on Tuesday (Jul 25) left its own projections unchanged for achieving a primary budget surplus in the fiscal year ending in March 2027 - lagging by a year from its ambitious target, according to twice-yearly projections by the Cabinet Office. Prime Minister Fumio Kishida's government pledges to bring a primary budget surplus, excluding new bond sales and debt servicing costs, by the fiscal year ending in March 2026, and lower the debt-to-GDP ratio. The primary budget balance is a key gauge of measurement on how much the government could fund policy spending without relying on debt. However, the ... (full story)