Japan will introduce a multi-year budget framework next fiscal year to fund strategic initiatives, including economic security and crisis preparedness, Bloomberg reported Friday citing a government document.
Finance Minister Satsuki Katayama outlined the proposal to a government panel on Thursday. The framework will plan spending over several years, funded by taxes, savings, and bonds, while keeping the debt-to-GDP ratio on a downward trajectory, the report said.
The move follows the government's pledge to mobilize 370 trillion yen in public-private investment through 2040 in AI and semiconductors, signaling a shift to long-term fiscal strategy, the report said.
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