Japan to keep FY2025 target for balancing budget in review: Report

The government would bring forward by one year a medium-term forecast of achieving a surplus, to fiscal 2026.

Japan will stick to its fiscal 2025 target for balancing its budget when it reviews the timeframe for the goal in coming weeks, the Mainichi Shimbun reported on Thursday, in an early victory for proponents of bringing the country's fiscal house in order.

Whether the government would keep or ditch the goal in favour of more stimulus spending has been in focus as Prime Minister Fumio Kishida faced pressure from both sides within his ruling Liberal Democratic Party (LDP).

As part of efforts to rein in its huge public debt, Japan has for years set a timeframe for bringing the primary budget,