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Japan Trains Sight on CEA as Centerpiece of This Year’s Cost Containment Efforts
(Apr.23.2018)

By Yoshinori Sagehashi

After holding down a natural increase in social security costs to some 500 billion yen a year in FY2016-FY2018, the Japanese government is now working to reformulate its spending plan for the next three years from FY2019. However, with the Cabinet Office projecting an annual spending rise of 900 billion yen or so in and beyond FY2022, when post-war baby boomers start turning 75, it’s only fitting that cost pressure will further intensify in this year’s Basic Policy on Economic and Fiscal Management and Reform, dubbed honebuto, due out around June ...

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