All four candidates in the Liberal Democratic Party¡¯s presidential election said the government¡¯s fiscal reconstruction goal may have to be delayed to prioritize resuscitating an economy ravaged by the pandemic.
During a debate Saturday, each candidate in the race, which will effectively decide who will replace Prime Minister Yoshihide Suga as the country¡¯s leader, made their stance clear on the target to achieve a primary balance surplus by fiscal 2025.
The primary balance target, in which the government can fully cover its expenditures excluding debt-servicing costs with its own tax revenues, has become one of the hot economic issues in the campaign that kicked off Friday.
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