Kishida Pressured to Spend More Despite Rising Debt Costs
- Kishida says he’ll mull more economic measures next month
- Country faces debt, defense and childcare funding struggles
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Japan’s Prime Minister Fumio Kishida is facing pressure to increase spending, even as bond yields at a nine-year high and earlier political promises test his ability to secure further funding for the world’s most indebted developed economy.
Kishida pivoted away from his previous stance Tuesday by scrapping September-end plans to stop subsidies that cap gasoline prices. He also pledged to consider fresh economic measures to help households and businesses deal with inflation next month.